...Internal Controls XACC/280 Internal Controls What if one of your fellow co-workers you found had been stealing from their cash register over a period of time so they did not get caught until now? What about a book keeper who had been keeping you accounting records and has been placing inaccurate information regarding transactions so they could pocket money for themselves? This is why companies have internal controls in place so it prevents certain situations from happening. Internal controls as defined in the reading are “all of the related methods and measures adopted within an organization to safeguard its assets and enhance accuracy and reliability of its accounting records” (Weygandt & Kimmel, 2008). In my thoughts internal controls is a method or process for a company to protect their assets and their employees and the company itself from liability. What internal controls are processes and methods that companies have to make sure there recording of their transactions are done properly so that the company does not get audited and in possible trouble. These are the two primary goals is to “safeguard assets and to make sure that there are accuracy and reliability of accounting records.” (Weygandt & Kimmel, 2008). The Sarbanes-Oxley Act of 2002 “is regulations passed by congress in 2002 to try to reduce unethical corporate behavior. It imposes more responsibilities on corporate executives and boards of directors to ensure those companies’ internal controls...
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...Introduction to Bank Reconciliation A company's general ledger account Cash contains a record of the transactions (checks written, receipts from customers, etc.) that involve its checking account. The bank also creates a record of the company's checking account when it processes the company's checks, deposits, service charges, and other items. Soon after each month ends the bank usually mails a bank statement to the company. The bank statement lists the activity in the bank account during the recent month as well as the balance in the bank account. When the company receives its bank statement, the company should verify that the amounts on the bank statement are consistent or compatible with the amounts in the company's Cash account in its general ledger and vice versa. This process of confirming the amounts is referred to as reconciling the bank statement, bank statement reconciliation, bank reconciliation, or doing a "bank rec." The benefit of reconciling the bank statement is knowing that the amount of Cash reported by the company (company's books) is consistent with the amount of cash shown in the bank's records. Because most companies write hundreds of checks each month and make many deposits, reconciling the amounts on the company's books with the amounts on the bank statement can be time consuming. The process is complicated because some items appear in the company's Cash account in one month, but appear on the bank statement in a different month. For example, checks...
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...THREAT MODELING AND ITS USAGE IN MITIGATING SECURITY THREATS IN AN APPLICATION Thesis Submitted in partial fulfillment of the requirements for the degree of MASTER OF TECHNOLOGY in COMPUTER SCIENCE & ENGINEERING - INFORMATION SECURITY by EBENEZER JANGAM (07IS02F) DEPARTMENT OF COMPUTER ENGINEERING NATIONAL INSTITUTE OF TECHNOLOGY KARNATAKA SURATHKAL, MANGALORE-575025 JULY, 2009 Dedicated To My Family, Brothers & Suraksha Group Members DECLARATION I hereby declare that the Report of the P.G Project Work entitled "THREAT MODELING AND ITS USAGE IN MITIGATING SECURITY THREATS IN AN APPLICATION" which is being submitted to the National Institute of Technology Karnataka, Surathkal, in partial fulfillment of the requirements for the award of the Degree of Master of Technology in Computer Science & Engineering - Information Security in the Department of Computer Engineering, is a bonafide report of the work carried out by me. The material contained in this report has not been submitted to any University or Institution for the award of any degree. ……………………………………………………………………………….. (Register Number, Name & Signature of the Student) Department of Computer Engineering Place: NITK, SURATHKAL Date: ............................ CERTIFICATE This is to certify that the P.G Project Work Report entitled " THREAT MODELING AND ITS USAGE IN MITIGATING SECURITY THREATS IN AN APPLICATION" submitted by Ebenezer Jangam (Register Number:07IS02F)...
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