Practice in validating proposal to leadership

Assignment Help Auditing
Reference no: EM1350837

Leadership confronts you as a controller and questions the need for an internal control system.

Write a report justifying the need for this system when controls are already in place with insurance and portfolio approach.

Explain why current approaches are valid but why an internal system will be more beneficial.

You need provide a practice in validating your proposal to leadership. You gain experience in justifying change and expenditures in order to mitigate risk while validating your ideas. Your responses may vary; they must provide a persuasive argument as to why current approaches are valid but why an internal system will be more beneficial. Responses must be well written and to the point.

Reference no: EM1350837

Questions Cloud

Determine the elongation of the cable : What is the greatest mass that can be accelerated upwards at 2.9 m/s2 if the stress in the cable is not to exceed the elastic limit of the cable, that is 2.2 108 Pa.
Create an eer mode using traditional eer notation : Create an EER model for the following situation using traditional EER notation, the Visio notation or the supertypes notation. An international school of technology has hired you to create a database management system
Best predictors of job performance : Cognitive ability tests are one of the best predictors of job performance, yet studies show they have substantial adverse impact against minorities.
Calculate the expected value for each purchase level : Calculate the expected value (EMV) for each purchase level and What is the optimal number of pounds of clams the company should purchase
Practice in validating proposal to leadership : You need provide a practice in validating your proposal to leadership. You gain experience in justifying change and expenditures in order to mitigate risk while validating your ideas.
Determine the market rate of return : Bet'R Bilt Bikes just announced that its yearly dividend for this coming year will be $2.42 a share and that all future dividends are expected to increase by 2.5% yearly.
Research child-raising practices of the culture : Research child-raising practices of the culture of your choice and predict their psychosocial development (Erikson's theory) based on your research.
Internal control questionnaire : What is the general nature of the questions included in internal control questionnaires? Identify several advantages of using questionnaires to document the auditor's understanding of internal control.
Fetal alcohol syndrome : If a mother knowingly ingests a quantity of alcohol that causes her child to develop Fetal Alcohol Syndrome (FAS), is she guilty of child abuse? Why or Why not?

Reviews

Write a Review

 

Auditing Questions & Answers

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare all journal entries necessary

Prepare all journal entries necessary

  How large would the salvage value of the automated equipment

How large would the salvage value of the automated equipment have to be to make the investment in the automated equipment financially attractive?

  Identify a current controversy relating to independence

You are required to identify a current controversy relating to Auditors' Independence.

  Evaluation of internal control procedures

Assignment: Read the following case and explain one internal control procedure that would be helpful in this scenario.

  Audit estimation on u.s. consolidated financial statements

Who issues the audit estimation on the U.S. Federal Government Consolidated Financial Statements? What was the opinion on the FY 2012 U.S. Federal Government Consolidated Financial Statements?

  Internal complaints

Discuss how can an organization best use its internal complaint process to forego the need for external resolution? When might a professional moderation be useful? Provide an example.

  Limitations of the internal controls

What are some limitations of the internal controls of the business cycles at your organization? How would you address these limitations?

  Internal control-not-for-profit organization

A not-for-profit organization periodically conducts focus groups of employees, service beneficiaries and governance board members to reevaluate its mission, vision, and values to determine the accuracy of the strategic statements to refine them wh..

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  A statistical conclusion and audit decision

A statistical conclusion, and the audit decision you could make based on the quantitative sample results.

  Tyco financial scandal

Discuss how internal control problems may have contributed to the failure of Tyco International. Describe these problems and their cause. What would you have done differently, if you had been in charge (be specific)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd