User Account

All Pages

What is the conceptual approach to internal controls

Assignment Help Accounting Basics
Reference no: EM131942007

Discussion questions: 1. What is a Triangle of Efficiency which involve the three knowledge components?

2. What is the Conceptual Approach to Internal Controls?

3. f an employee made a mistake that resulted in loss of company funds and misstated financial reports, would the employee be guilty of fraud? Why or why not?

4. explain what Section 404 of the Sarbanes-Oxley Act requires of management regarding internal control systems. Do you think this section is comprehensive or are there any shortcomings?

5. What are the five Principles regarding the control environment of the organization?

Answer each question in 200 or more words

Use citations and references

Use apa guidelines

Reference no: EM131942007

Questions Cloud

Explain the execution gaps of your selected organization : Discuss the law's requirements. Include information regarding what the law does, how it is executed, and the execution gaps of your selected organization.
Describe the added error-handling pathways : Produce a narrative which describes the added error-handling pathways that includes: an overview of the errors being checked.
Gss sample is the entire population of interest : Again, pretend that the GSS sample is the entire population of interest.
Decide how your organization should house its backups : Your organization has approximately 10TBof data, and you need to decide if your organization should have on site or offsite tape storage.
What is the conceptual approach to internal controls : What is a Triangle of Efficiency which involve the three knowledge components? What is the Conceptual Approach to Internal Controls?
Describe the factors and thought process for each step : What are 6-8 steps that describe the factors and thought process for each step that you feel will support meeting the signed-off date.
Explain why given policy is important to your company : Select one (you can always select more if you think necessary) of the significant accounting policies and: Explain why this policy is important to your company.
How you would survive in a toxic organizational environment : Explain how you would survive in a toxic organizational environment in which the following issues are present within the organization.
What characteristic of effective leader you hope to practice : What will your role be in this group? What characteristics of effective leaders do you hope to practice?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What would be the break- even point if variable costs per

matthew hagen started his company the sign of things to come three years ago after graduat-ing from upper state

  Determine the amount of annual dividends hydro-electric

Determine the amount of annual dividends Hydro-Electric can be expected to pay over the years 2016 to 2020.

  Record the 2013 events in general journal form and post them

What is the net realizable value of the accounts receivable at December 31, 2013?

  Analysis of medical malpractice claims

(Accounting for medical malpractice claims) Caire-Less Hospital carries no insurance for medical malpractice claims. Analysis of medical malpractice claims.

  Record each of the above transactions

Tristar Production Company began operations on September 1, 2013. Listed below are a number of transactions that occurred during its first four months of operations.

  What is its gross income for the year

It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year

  Journalize the entries for april

Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank or enter "0".

  Create t accounts for the balance sheet accounts

Create T- accounts for the balance sheet accounts and for these additional accounts: Service Revenue, Rent Revenue, Salaries and Wages Expense, and Utilities Expense. Enter the beginning balances. Prepare journal entries for the following January tra..

  On nov 1 2010 banana corporation management decided to

on nov. 1 2010 banana corporation management decided to discontinue operation of its rocketeer division and approved a

  Calculate inventory amounts at the end of each year

On January 1, 2016, Avondale Lumber adopted the dollar-value LIFO inventory method. Calculate inventory amounts at the end of each year

  How much is the gross profit for the year

New Hope, Inc. is a merchandiser of stone ornaments. It sold 15,000 units during the year. How much is the gross profit for the year

  Determine the correct balance in prepaid rent

Determine the correct balance in prepaid rent on December 31, 2017. Enter your answer with no commas, dollar signs, decimals, etc

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd