Case Study 2 – Internal Control 1. Inform the President of any new internal control requirements if the company decides to go public. As per the accident that happened in the company about some employees was viewing pornography on company computer and he had a hard time to get his employees admitted that they were the one who doing it. He should use limit access by individual passwords for each person to log in the computer systems. To make sure that which person was log on in the computer and
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Case Study 2 – Internal Control The following are the internal control requirements a company who wants to go public needs to be put into place. INTERNAL CONTROL REQUIREMENTS Management’s Assessment Section 404(a) of the Act and the related rules adopted by the SEC require management to assess the effectiveness of the company’s internal control over financial reporting as of the end of the company’s most recent fiscal year‚ and to state in the company’s annual report whether the company’s internal
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Port State Control (PSC) is the right and‚ in an increasing number of countries‚ the legal obligation of the authorities of the port State to board a foreign ship and verify its compliance with international rules and regulations. PSC is the means by which a nation exercises authority over foreign merchant vessels that are within waters subject to its jurisdiction. PSC aims to verify whether foreign flagged vessels comply with the applicable international conventions on safety‚ pollution prevention
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Case Management Control – Rabobank Nederland Roger Barr’s performance as it is related to the North Texas Cotton Cooperative (NTCC). Roger Barr is part of the New York credit Committee as an account officer. His main tasks are to review all loan proposals and make decisions and recommendations on proposals up to $1 million. Up to $5 million he needs approval of the New York credit Committee. Loans over $5 million also need approval of the credit Committee of Rabobank Nederland‚ based in Utrecht
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Cascade control is a powerful extension of conventional 3 Cascade control is a powerful extension of conventional 3-term feed term feed back - control control. It is a strategy which compensates for specific disturbances at source and largely Prevents them from affecting process being controlled. A cascade control scheme has two controllers‚ the output of the master controller being used to adjust the set point of the slave controller The effect of steam pressure disturbances can be compensated
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Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation
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Emission Control Techniques 1. INTRODUCTION The need to control the emissions from automobiles gave rise to the computerization of the automobile. Hydrocarbons‚ carbon monoxide and oxides of nitrogen are created during the combustion process and are emitted into the atmosphere from the tail pipe. There are also hydrocarbons emitted as a result of vaporization of gasoline and from the crankcase of the automobile. The clean air act of 1977 set limits as to the amount of each of these pollutants
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Committee of Sponsoring Organizations (COSO) Internal Control Framework’s Components of Internal Control Requirements 1. There was a lack of proper authorization in the budget process. The superintendent Spigot committed several projects that were not on the budget. For example‚ rent expenses were not budgeted in that fiscal year‚ which caused the budget to overrun and increase expenditures for custodial services. Also‚ the unbudgeted projects ran by the superintendent were not approved by the
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(2000)‚ “Benchmarking and business paradigm shifts”‚ Total Quality Management & Business Excellence‚ Vol Ernst‚ H. and Teichert‚ T. (1998)‚ “The R and D/marketing interface and single informant bias in NPD research: an illustration of a benchmarking case study”‚ Technovation‚ Vol Evans‚ J.R. and Dean‚ J.W. (2002)‚ Total Quality: Management‚ Organization and Strategy‚ South-Western College Publishing‚ Cincinatti‚ OH. Fawcett‚ S.E.‚ Allred‚ C.‚ Magnan‚ G.M. and Ogden‚ J. (2009a)‚ “Benchmarking the viability
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3.1 THE PROCESS OF OPERATION MANAGEMENT The systems in operation management of Kamal & Kamal Pest Control have two sections. The first section is core system which means this section have marketing department‚ Operation department‚ Customer Relationship Management (CRM) department‚ purchasing department and Human Resources (HR) department. The second section is the supporting system which the system to support the core. The function of system is all department need to play their roles. If one department
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