Philosophy regarding internal controls for organization

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Reference no: EM132225518

Envision yourself as the CEO/President of an organization with full responsibility to the company, management, shareholders, creditors, regulators, and the general public. Develop a philosophy regarding internal controls for the organization. The polar extremes are 1) “Keep employees/management away from temptation”, whereby the internal controls are very well-defined, or 2) employees/management will follow the good judgment of their leader, whereby you set a good example and trust is the theme until employees do something to betray that trust. As you develop this philosophy, provide 10 examples (from issues in our chapters, fraud events in the news, discussion board posts and case studies, or your project experiences, etc.) to justify your philosophy.

Reference no: EM132225518

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