Have no time? Stuck with ideas? We have collected a lot of interesting and useful Internal Control essay topics for you in one place to help you quickly and accurately complete your college assignment! Check out our essay examples on Internal Control and you will surely find something to your liking!

Components of Internal Control Essay Example
722 words 3 pages

  Management has established a code of conduct that includes rules regarding conflicts of interest for purchasing agents. Category: Assertion: Pervasive Waterfront has established a disclosure committee to review the selection of new accounting policies. Category: 4. 6, Assertion: DAO Accuracy and Valuation, DAO Classification and Understandability. c. Any computer program revision must be approved […]

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Audit Books Internal Control Risk
Prefab Sprout Company Essay Example
1649 words 6 pages

The Prefab Sprout Company is a construction company which develops and constructs modular home enclosures in South Florida. Though being listed on the New York Stock Exchange (NYSE), it is still a family-run business with about 40% of the shares resting with the Warner family. This working paper provides a thorough analysis of Prefab’s internal […]

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Audit Company Internal Control Risk
Basic transaction control of refunds and surcharges Essay Example
862 words 4 pages

When a client fails to properly separate duties, the risk of theft of cash prior to recording increases. If an auditor suspects this may have occurred, there are certain audit procedures that can be employed in testing for it. These include investigating those responsible for customer orders, credit approval, invoice generation and accounts receivable records […]

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College Financial Services Internal Control
Business Scandal Essay Example
1177 words 5 pages

Corporate culture and ethics are very important sources to sustain positive working environment in an organization. Based on the pattern that caused the fraud, the management style of HealthSouth is clearly practiced very authoritative which the reason for Richard’s orders fulfilled dutifully in order to partake in the fraudulent schemes. It clearly stated that the […]

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Audit Business Internal Control Risk
Evaluation of Internal Control Environment: Easy Clean. Co. Essay Example
2553 words 10 pages

Ted is a director in the Business Advisory and Assurance Services division of a national public accounting house. He has been given the occupation of pull offing the audit of Easy Clean. Co.  which provides industrial and domestic rug steam-cleaning services. Easy Clean has ne’er been audited. Therefore. Ted does non hold any prior-year working […]

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Audit Employment Internal Control Sales
The Rogue Trader Essay Example
1478 words 6 pages

Have you ever told a lie? In most causes after telling one small lie another lie follows. After time passes and the lies began to seem like the truth, you dig yourself into a pool of lies which eventually contradicts your first lie. The same truth happens to Nick Lesson and his 8-8-8-8-8 account. It […]

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Audit Business Process Financial News Informal Internal Control Risk
Case Study of Tesco Plc Essay Example
3378 words 13 pages

The study emphasizes the similarities between Enterprise Risk Management (ERM) and the balanced scorecard, a widely used strategic control system. Both of these systems are focused on achieving strategic objectives, indicating that risk management and performance management/strategic control systems have evolved in their definitions and perceptions. This article presents a case study of Tesco plc, […]

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Internal Control Risk Risk Management Tesco
Saks Fifth Avenue Case Study Essay Example
757 words 3 pages

The Saks Fifth Avenue case study concentrates on the human aspects of internal controls. Of note are Saks’ zero-tolerance policy of employee theft, anti-harassment policy and complaint procedure. Also, the case study highlights control activities in a major retail store. Finally, it questions what an auditor’s role is concerning employee’s work environment. Question #1 In […]

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Audit Employment Internal Control Study
Analysis of the Sarbanes-Oxley Act Essay Example
2630 words 10 pages

Summary of the Sarbanes-Oxley Act The Sarbanes-Oxley Act (SOX) was enacted on July 30, 2002 to protect shareholders and the public from fraudulent business practices and accounting errors. It focuses on maintaining independence in auditing by requiring CEOs and CFOs to certify financial reports. The act enhances transparency in financial reporting and encourages accountability by […]

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Audit Corporate Governance Internal Control
Audit Problem 4-58 Essay Example
1294 words 5 pages

Ratio analysis is a method that uses financial or operating data from a company or industry to create a basis for comparison. Each ratio in the analysis examines a specific correlation that can impact another ratio. An auditor uses financial or accounting ratios to evaluate the overall financial condition of a company. Current and potential […]

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Audit Debt Internal Control Problems
Internal Control Case Study Essay Example
2159 words 8 pages

LJB Company’s Internal Control Recommendation Report February 2012 Prepared for: LJB Company President Finance Department Prepared by: Cauretta Bell Recommendation Report 2012 It is my immense pleasure to report and evaluate the findings of the internal control procedures to the President of LJB Company regarding recommended changes for the organization to utilize internal control requirements. […]

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Financial Services Internal Control Study
Sarbanes-Oxley Section 404 Essay Example
6216 words 23 pages

In this paper the Sarbanes Oxley Act with particular reference to the section 404 is discussed in detail. We shall start the paper with providing background information to the Sarbanes Oxley Act, 2002. This section explores the environment that spurred the creation of the act and the need for such legislation. The second section provides […]

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Audit Database Financial Audit Internal Control
Sarbanes-oxley Act Conclusion Argumentative Essay Example
436 words 2 pages

Analysis University of Phoenix Internal controls mandated by the Sarbanes The internal controls required by the Sarbanes-Oxley Act have posed a significant challenge for publicly held companies. These controls assign the responsibility for internal audits, as well as evaluating the effectiveness and efficiency of internal auditing controls, to senior management, their audit committees, and external […]

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Argumentative Audit Internal Control
Internal Control Essay Example
358 words 2 pages

Internal control encompasses a range of activities, arrangements, policies, and efforts carried out by the workforce within an institution. Its purpose is to ensure that the organization effectively achieves its goals and fulfills its mission. A key objective is to align all employees with the organization’s vision and mission statements. The ultimate goal of internal […]

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Internal Control Risk
Government where the internal Essay Example
1747 words 7 pages

The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology, such as computer hardware, software, electronics,semiconductors, internet, telecoms equipment, e-commerce and computer services. In a business context, the Information Technology Association of […]

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Audit Government Information Technology Internal Control

Popular Questions About Internal Control

What are internal controls and their 3 types?
What Are the Types of Internal Controls? Detective Internal Controls. Detective internal controls are designed to find errors after they have occurred. Preventative Internal Controls. Preventative internal controls are put into place to keep errors and irregularities from happening. Corrective Internal Controls. Limitations.
What are the basic internal controls?
Internal controls are procedural measures an organization adopts to protect its assets and property. Broadly defined, these measures include physical security barriers, access restriction, locks and surveillance equipment.
What does the term internal controls mean?
Internal control. In accounting and auditing, internal control is defined as a process affected by an organization's structure, work and authority flows, people and management information systems, designed to help the organization accomplish specific goals or objectives.
Why are internal controls so important?
Internal controls are the procedures put in place to help achieve the objectives of the university relating to financial, strategic, and academic initiatives. Good controls encourage efficiency, compliance with laws, regulations and university policies, and seek to eliminate fraud and abuse.
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