The most expensive and best-publicized incident of computer sabotage happened at Omega Engineering Corp of Bridgeport‚ New Jersey. It was a classic example of inside hack attack‚ whereas a former employee intentionally launched a logic bomb that permanently caused irreparable damage‚ destroying more than a thousand programs in the matter of a few seconds. Omega Engineering was a thriving defensive manufacturing company in the 1990s; it used more than 1‚000 programs to produce various products with
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records and financial information. University Of Valley‚ Cali Colombia 09-90 – 11-95 Quality Control - Chemical Analyst * Responsible for running processes and quality control; Took samples‚ analyzed plant materials‚ and performed environmental analysis; Conducted quality analysis of food products‚ * Collected and analyzed raw waste‚ performed chemical‚ biological‚ and physical analysis and maintained a through knowledge of the composition of drinking and ground waters; domestic
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THE IMPACT OF MICROFINANCE INSTITUTIONS ON GROWTH OF SMES A CASE STUDY OF KONYOKONYO MARKET -JUBA BY TABU FLORENCE S09B24/801 A RESEARCH PROPASAL SUBMITTED TO THE FACULTY OF BUSINESS AND ADMINISTRATION IN PARTIAL FULFILLMENT FOR THE REQUIREMENTS OF THE AWARD OF DEGREE OF BACHELOR OF PROJECT PLANNING AND ENTREPRENEURSHIP UGANDA CHRISTIAN UNIVERSITY MARCH 2012 LIST OF ACRONYMS MFIs Microfinance institutions
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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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| MANAGERIAL USE ANLYSIS | CASE STUDY 2 INTERNAL CONTROL | 12/1/2012 | Case Study 2 Internal Control . A requirement is important to know that all publicly traded U.S. corporations are required to maintain an adequate system of internal controls and procedures for financial reporting in accordance with the Sarbanes-Oxley Act Section 404. It is the responsibility of your executives to ensure there are dependable and effective controls in place‚ and auditors from outside the company
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may make a company more attractive to potential buyers‚ investors‚ and other capital sources. Under SOX Section 404‚ all publicly traded U.S. corporations are required to maintain an adequate system of internal controls. Corporate executives and boards of directors must ensure that these controls are both reliable and effective. Public Offering The transformation of going from a private to public requires some extensive planning and preparation. It is recommended that LJB‚ being a relatively
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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 of their financial statements. * Independent auditor(s) outside of LJB will need to attest to management’s assessment of said internal controls. Additionally
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All publicly trader companies in the USA are required to maintain and have an up to date system of internal controls. Since the LJB Company is wishing to become a public entity‚ I am glad to be able to assist in this action. First‚ the rules and regulations must be reviewed and compared to the company and how it can become public. To make the company attractive to buyers‚ investors‚ and other capital sources‚ it is crucial that the corporate organization and governance are well manifested. Corporate
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Exposure is the potential dollar loss that would occur if the threat becomes reality. Likelihood is the probability that the threat will occur. Internal control is the policies‚ procedures‚ practices and organizational structure designed to provide reasonable assurance that business objective will be achieved or detected and corrected. Internal control objectives 1. Safeguard asset 2. Maintain records in sufficient detail to report company assets accurately and fairly. 3. Provide accurate
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iii. Implement Internal Controls The objective of internal control is to safeguard assets of the firm‚ ensure accuracy and reliability of accounting record‚ promote the efficiency of the firm’s operation‚ and to measure compliance with management’s policies. Besides that‚ the internal control is used to controls and checks consolidated into accounting activities and operations of a company to ensure their business operations are conducted efficiently and effectively (Trenerry‚ 1999). Valeant Pharmaceuticals
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