What is the importance of internal auditor role

Assignment Help Accounting Basics
Reference no: EM131988433

Problem - Understanding ethics in business and prohibiting fraud from happening is a great responsibility of the internal auditors and the quality of the internal control in any organization.

Topic Problem

What is the importance of internal auditor's role in detecting and preventing corporate accounting fraud?

1. Whether some of red flags of fraud problems could be detected at early stage? And what could corporation do to prevent corporate fraud?

2. Does recognizing and ethical corporate environment with a clear vision of wrongdoing reporting would diminish corporate financial fraud?

3. What is the benefit from educating employees in fraud awareness, embracing a policy of zero tolerance of fraud?

4. Provide recommendation

All sources should be current within the past 18 to 24 months. All references should be cited within the body of your work and listed on the last page of your term paper in a section titled "References."

Reference no: EM131988433

Questions Cloud

Prepare the december stockholders equity section : Reissued 660 treasury shares for land valued at $34,710. Prepare the December 31, 2013, stockholders' equity section
Healthcare organizations and patients : What other safeguards might you wish to put into place toward protection and disciplinary action for breach?
What should your companys stock sell for today : Assuming a required rate of return of 14%, what should your company's stock sell for today?
What are the different barriers to change : What are the different barriers to change, explain briefly each one.
What is the importance of internal auditor role : Understanding ethics in business - What is the importance of internal auditor's role in detecting and preventing corporate accounting fraud
Provide a brief description of the system capabilities : Provide a brief description of the system or application's capabilities. Who are the intended users and stakeholders? Who is the project initiator or sponsor?
How much service revenue would you have under the cash basis : Suppose you work summers house-sitting for people while they are away on vacation. How much service revenue would you have under the cash basis
Overcome their employees perceptions : How could an organization capitalize on or overcome their employees' perceptions?
How is social security progressive : How is social security progressive (falling more heavily on those with higher incomes)? Regressive (falling more heavily on those with lower incomes)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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