"The impact of internal control system in the nigerian banking industry a case study of some selected organization" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 7 of 50 - About 500 Essays
  • Powerful Essays

    Characteristics of an Effective System of Internal Control 

1.) In accounting systems‚ certain controls are needed to ensure that employees are doing their jobs properly and ensure that the system runs properly. These checks are in the best interest of the organization. These controls come in the form of internal controls for the system. The internal controls are the checks that are placed in the system by the company’s own management to prevent the intentional misrepresentation of financial data

    Premium Management Organization Employment

    • 1580 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    internal control

    • 1930 Words
    • 8 Pages

    Maintain Internal Control Procedures ASSIGNMENT 1. Who is ultimately responsible for the corporate governance of an organisation? The Board of Directors 2. Who else plays a part in corporate governance? Shareholders‚ auditors and other stakeholders. 3. Who are the stakeholders? A person‚ group or organisation that has interest or concern in an organisation. 4. List the corporate governance requirements a company needs to adhere to: The company has an adequate system of internal

    Premium Internal control Internal audit Auditing

    • 1930 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Internal Control

    • 5007 Words
    • 21 Pages

    Chapter 5: Internal Control over Financial Reporting 1. Internal control is a process designed to guarantee the achievement of the objectives of reliable financial reporting‚ compliance with laws and regulations and ineffective and inefficient operations. FALSE 2. Auditing standards require that the auditor exercise professional judgment and maintain professional skepticism throughout the planning and performance of the audit. TRUE 3. If internal controls are not enforced they are useless

    Premium Internal control Auditing Audit

    • 5007 Words
    • 21 Pages
    Powerful Essays
  • Best Essays

    Banking Industry

    • 3515 Words
    • 15 Pages

    customer service. Excellence in customer service is the most important tool for sustained business growth. Customer complaints are part of the business life of any corporate entity. This is more so for banks because banks are service organizations. As a service organization‚ customer service and customer satisfaction should be the prime concern of any bank. Banks believe that by providing prompt and efficient service to their customers‚ this is essential not only to attract new customers‚ but also to

    Premium Marketing Bank Customer service

    • 3515 Words
    • 15 Pages
    Best Essays
  • Good Essays

    Internal control

    • 935 Words
    • 5 Pages

    Chapter 7 – Internal control Internal control – steps taken by business to prevent fraud – misappropriation of assets and fraudulent financial reporting‚ COSO defines IC as means to an end Achievements of objectives in the area of financial reporting‚ operations‚ compliance with law and regulations Foreign corrupt practices act: Transactions authorized with the knowledge of and authorization of management Means of achieving internal control – preventive control – prevents fraud ex: segregation

    Premium Auditing Financial audit

    • 935 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Case Study 2 – Internal Control ACCT504 Elicia Myrieckes October 4‚ 2014 1. New Internal Control Requirements If the Company Decides to Go Public. If the company decides to go public it should include in its annual reports the company’s internal control over financial reporting. This report must include: a statement of management’s responsibility for establishing and maintaining adequate internal control over financial reporting; management’s assessment of the effective of internal control

    Premium Internal control Management Auditing

    • 627 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Banking Industry

    • 1337 Words
    • 6 Pages

    Banking Industry The Banking Industry was once a simple and reliable business that took deposits from investors at a lower interest rate and loaned it out to borrowers at a higher rate. However deregulation and technology led to a revolution in the Banking Industry that saw it transformed. Banks have become global industrial powerhouses that have created ever more complex products that use risk and securitisation in models that only PhD students can understand. Through technology development‚

    Premium Business ethics Ethics Management

    • 1337 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    internal control

    • 369 Words
    • 3 Pages

    Question 1 a) Select two companies where inadequate internal control have resulted in disastrous effects on the organisation or exposed it to heavy losses. Research the facts of the failure and report on the facts and the losses suffered. In your report‚ include suggestions for changes to operations (internal controls) that could have prevented the final outcome. Where could you find a list of these internal controls and how are they documented? Examples of companies include: Coles Myer

    Premium Corporate governance Corporation Internal control

    • 369 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Internal control can be described as any action taken by an organization to help enhance the likelihood that the objectives of the organization will be achieved. The definition of internal control has evolved over recent years as different internal control models have been developed. This article will describe these models‚ present the definitions of internal control they provide‚ and indicate the components of internal control. Various parties responsible for and affected by internal control will

    Premium Auditing Internal control Audit

    • 1766 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Internal Controls

    • 1048 Words
    • 5 Pages

    Internal Controls XACC/280 April 7‚2013 Axia Internal Controls Internal controls are put into place to safeguard a company’s assets and to promote the accuracy of their accounting records. There are two primary goals of internal controls. The first goal of internal controls is to safeguard it’s assets from employee theft‚ robbery‚ or unauthorized use. When there is a large some of money there is temptation from employee’s to take some of it. Many employees believe they are underpaid

    Premium Audit Sarbanes–Oxley Act Internal control

    • 1048 Words
    • 5 Pages
    Powerful Essays
Page 1 4 5 6 7 8 9 10 11 50