Explain the concepts of internal control

Assignment Help Corporate Finance

Reference no: EM133269147

Assignment - Internal Control and corporate governance

Essay - The principle-agent problem in internal controls and corporate governance.

In your own words, explain the concepts of internal control and corporate governance. Be sure to address the following issues:

Explain the principal-agent problem and how it gives rise to the need for internal controls and corporate governance.

What is the purpose of internal controls?

What are some common internal control weaknesses that firms encounter and what are some common rectifications?

What are some indicators of good governance and what are some indicators of bad governance?

What are some mechanisms that firms can put in place to improve governance? Be sure to discuss internal based mechanisms and market-based mechanisms.

Discuss issues associated with compensation and how it applies to internal controls and corporate governance and exacerbate or mitigate the P-A problem in these contexts.

Reference no: EM133269147

Questions Cloud

Design the foundation of office building : A geotechnical engineering firm has been awarded a job to design the foundation of an office building.

Step decision making process : Use your critical-thinking skills, using the 5 step decision making process (develop problem statement, identify alternatives, choose alternatives, implement de

Which variables indicate preferential treatment of women : Which legal and extralegal factors appear to have the greatest impact on the processing of females?

Examine evidence that confirms or disproves your hypothesis : Please analyze the following cause-effect: When I eat too much food and do not exercise, I gain weight. "What is causing effect Y"?

Explain the concepts of internal control : In your own words, explain the concepts of internal control and corporate governance. What is the purpose of internal controls

Spain and ireland and ireland and united states : What predictions does the simple gravity model make for trade between (1) Spain and Ireland and (2) Ireland and the United States?

Does fairfield insurance have to file its insurance policy : FIN RISK MANAG University of Texas, Does Fairfield Insurance have to file its insurance policy forms for these risks with the state departments of insurance

Explain the media richness theory : The Media Richness Theory (MRT) suggests that different media platforms have different levels of "richness" in the information they provide.

Difficulties when working on a team : What insight(s) do INFPs people have about working with people who are of a different type than them - have difficulties when working on a team

User Account

All Pages