Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. Proper internal control not only ensures that the assets and records are safeguarded, but also creates an environment in which efficiency and effectiveness are encouraged and monitored. This report is mainly focused on internal audit and internal control system in a company. In this case, the company is Kejora Bhd.. This report also focused on two main questions to be answered which is regarding on the evaluation of the strengths and weaknesses of Kejora Bhd.’s control environment. Another question is regarding on the factors in Kejora Bhd.’s control environment have lead to and facilitate one of Kejora Bhd.’s division which is the Fabricator Division’s general manager named Adam. This case is all about Kejora Bhd.’s rules of conduct and its internal control system. There are basically four rules of conduct which is integrity, competency, objectivity and confidentiality to be joint with the Kejora case.
| Solution | |1. The corporate intervention should be available all the time. | | | |2. Board of directors and audit committee should be active and fully participate in the | |management of the company. | | | |3. The company has should be fully monitoring of...
Please join StudyMode to read the full document