Describe the internal control procedures, Financial Management

Board should encourage a strong control culture. Manager's bonus must not only be linked to company profits but also linked to internal control procedures being adhered to. There must be a specific manager who is accountable and responsible for internal control procedures for every division and who understands the details of that division.

ICQ   = Internal Control Questionnaire

ICEQ = Internal Control Evaluation Questionnaire

 

2214_Internal Control.png

Posted Date: 9/3/2013 2:22:07 AM | Location : United States







Related Discussions:- Describe the internal control procedures, Assignment Help, Ask Question on Describe the internal control procedures, Get Answer, Expert's Help, Describe the internal control procedures Discussions

Write discussion on Describe the internal control procedures
Your posts are moderated
Related Questions
Reston, Inc., has asked your corporation, Pruro, Inc., for financial assistance. As a long-time customer of Reston, your firm has decided to give that assistance. The question you

Consider that you are deciding whether to undertake one of two projects. Project A involves buying expensive machinery which will produce a better product at a lower cost. The mach

What is triangular arbitrage?  What is a condition that will give increase to a triangular arbitrage opportunity? Answer:  Triangular arbitrage is the method of trading out of th

What is the major difference in the obligation of one with a long position in a futures (or forward) contract in comparison to an options contract? Answer: A futures or forward c

1. If Robinson wishes to maximize its total market value, would you recommend that it issue debt or equity to finance the land purchase? Explain. 2. Construct Robinson’s market va

SUGGESTION REGARDING CREDIT LIMIT. SHOULD IT BE APPROVED OR NOT, WHAT SHOULD BE THE AMOUNT OF CREDIT LIMIT THAT ELECTRONICS GIVE TO BOOTH PLASTICS

Treasuries are the securities that theUS government issues for the completion of government projects. They are of different types like, treasury bills, treasury bon

Why does money have time value? Positive interest rates point toward that money has time value.  When one person lets one more borrow money, the first person needs compensation

a) Ltd. stands for ‘private limited company', i.e. a business with limited liability with shares being issued only to friends and family with the approval of the board of directors

Derive and illustrate the monetary approach to exchange rate determination. Answer: The monetary approach is related with the Chicago School of Economics.  It is relies on two