multiple bank overdrafts. Results indicate that only minimal efforts have been made for internal control measures in this office and companywide‚ and that weaknesses have allowed the Finance Coordinator to embezzle funds. There are many issues to be addressed‚ and several remedial actions to be taken to prevent these types of losses going forward. Strengths in the internal control system Dentistar’s internal control system has some strengths‚ including its detection policies‚ limits on access to
Premium Internal control Budget Control theory
What is communication ??? Humans live their daily lives through a series of communications without which nothing in this world would be achievable. The medium through which men convey their innermost thoughts and will are expressed through a variety of communication channels. When you take a closer look at the number of expressions and responses that human beings make everyday you begin to understand the types of communication that exists in the world of Homo sapiens. Communication is a process
Premium Communication Nonverbal communication Writing
TABLE OF CONTENTS 1.0 INTRODUCTION 2 2.0 Role of internal control 2 2.1 Management: 2 2.2 Board of Directors: 3 2.3 Auditors: 3 2.4 Staff and junior managers 4 3.0 NEW RULES OF INTERNAL CONTROL 4 4.0 THE GOOD AND THE BAD 10 5.0 RECOMMENDATIONS 12 6.0 REFERENCES 14 1.0 INTRODUCTION Internal control is defined as a process affected by an organization ’s structure‚ work and authority flows‚ people and management information systems‚ designed to help the organization
Premium Internal control Auditing Internal audit
COMMUNICATION PROCESS Communication occurs when a message is sent by one person and received and understood by another person. Communicating effectively is essential to successful business operations. Company personnel must communicate with their coworkers‚ clients‚ and vendors to achieve the company’s goals. Customer requests and questions must be answered clearly and promptly to maintain goodwill. GOALS OF COMMUNICATION The goal of communication is to convey information—and the understanding
Premium Communication
Justification for an Internal Control System Organizations that do not have the proper internal controls tend to deteriorate over time. Therefore‚ companies should incorporate effective internal control systems to accompany other risk management approaches like insurance and risk portfolio. Internal Control Systems can provide an additional reference tool for organizations to identify and assess operating controls‚ financial reporting‚ and regulatory compliance processes and to formulate preventive
Premium Internal control Management Risk management
methods of communication which I use are written and verbal communication. As each individual or group I communicate with have different methods of communication I have to use differnt skills when communicating. For intance when communicating with service users I have to simplify my language‚ using words and phrases that are easily understood‚ avoid jargon and employ the uses of gesture and signs (Makaton) to reinfororce the spoken word. As Body language forms a large part of communication‚ when communicating
Premium Communication Nonverbal communication Writing
Advanced Communication Credit Units: 1 Course Code: to be decided later Course Objective: The Course is designed to enhance vocabulary skills and make students fluent‚ thereby improving receptive and expressive skills. Prerequisites: NIL Course Contents / Syllabus: Module I Fundamentals of Communication 30% Weightage Role and Purpose of Communication‚7 C’s of
Premium Nonverbal communication Communication Education
Communication is vital to the success of a business. There are two types of communication that a business participates in external communication and internal communication. Internal communication is what attracts and retains skilled employees to your business and it is how the management of the business guides employees in reaching the goals of the business. Internal Method of communication Notice boards Very effective everyone passing by get the info‚ cheap process Memos It is brief
Premium Information Communication English-language films
Recommendation for an Internal Accountant Recommendation for an Internal Accountant Internal Auditing is an independent‚ objective assurance and consulting activity designed to add value and improve an organization’s operations (What is internal auditing?‚ 2010). Internal accounting control is a series of procedures designed to promote and protect sound management practices‚ both general and financial that will increase the likelihood that: * Financial information is reliable‚ so that managers
Premium Internal control Auditing Internal audit
1.11 Document for analysis: Barriers to Communication -Comment on the memo’s effectiveness‚ tone‚ and potential barriers to communication. I think the memo is focusing on the writer’s concern. It should focus on the readers. Showing them how valuable and important they are. The writer should use a positive language‚ because readers respond more favorably to positive words and phrases‚ skilled business writers use positive language even though they may be conveying a negative message. Positive
Premium Writing Emotion Word