What principles of internal control apply to most businesses

Assignment Help Accounting Basics
Reference no: EM131828260

Question: "Internal control is concerned only with enhancing the accuracy of the accounting records." Do you agree? Explain.

2. Discuss how the Sarbanes-Oxley Act has increased the importance of internal control to top managers of a company.

3. What principles of internal control apply to most businesses?

Reference no: EM131828260

Questions Cloud

Define the components of a good internal control system : Fraud experts often say that there are three primary factors that contribute to employee fraud. Identify the three factors and explain what is meant by each.
Difference between a zero-defect environment : Identify how the fundamental difference between a zero-defect environment and quality circles environment could play a role in the quality success
What about between the given two parties : The lawyers for both parties meet and try to work out settlement. Is there a logical or physical connection between lawyers? What about between the two parties?
Why was putting too much risk on another company a negative : From the case study used in the first discussion, answer these additional questions.
What principles of internal control apply to most businesses : Discuss how the Sarbanes-Oxley Act has increased the importance of internal control to top managers of a company.
Keller graduate school of managment : You are the project manager for a new multimillion-dollar building renovation for your organization. The company needs to maximize the space
Propose the general communication strategies : Determine the main goals and objectives of your proposed communication plan. Predict the target group of your communication plan.
How can a pmis help me find the right project similar : How can a PMIS help me find the right project similar to the one I'm working. This company have a large amount of projects how does PMIS help me find the right
Which layers are missing from the tcp-ip protocol suite : The layers of the TCP/IP protocol suite and OSI model are different. Which layers are missing from the TCP/IP protocol suite? Are they really missing?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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