Accounting fraud case Halliburton, one of the world's largest providers of products and services in the oil and gas industries, had several lawsuits brought against them and its former CEO, Vice President Dick Cheney. The allegations claim that Halliburton illegally overstated its revenues in order to hide losses the company had experienced because of under estimating costs for construction projects, and a downturn in the oil industry. The claim also states that the company violated U.S. securities
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Petroşani, Economics, 11(1), 2011, 187-196 187 INTERNAL CONTROLS IN ENSURING GOOD CORPORATE GOVERNANCE IN FINANCIAL INSTITUTIONS KOSMAS NJANIKE, MARGARET MUTENGEZANWA, FUNGAI B. GOMBARUME * ABSTRACT: This paper assessed factors that influence the internal controls in ensuring good corporate governance in financial institutions in developing economies with special reference to Zimbabwe. The research paper assessed how lack of internal controls affected good corporate governance and aimed to bring
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your password every couple of months or so. Windows 7 now supports a plethora of group policy settings to ensure your systems security, but do know that your employees are responsible for their own passwords. To do this you will have to go to the control panel in the start menu and choose the systems and security tab then click administrative tools, from here choose the local security policy. When you get here you will be able to decide what makes an acceptable password, some of these options consist
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Introduction to Information Systems Security—Unit 3 Mr. Phillip Parrinelli pparrinelli@itt-tech.edu 619-327-1800 Unit 3: Appropriate Access Controls for Systems, Applications, and Data Access Learning Objective Explain the role of access controls in implementing security policy. Key Concepts The authorization policies applying access control to systems, application, and data The role of identification in granting access to information systems The role of authentication in
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AMERICAN UNIVERSITY OF SCIENCE AND TECHNOLOGY Foundations of Effective Leadership NAME: Lama R. Khreiss DATE: 06-04-2014 INSTRUCTOR: Mr. Jean Mourani CLASS TIME: 6:30 – 9:00 p.m. PROJECT: The Final Exam Brief Overview: For more than two decades “quality” and “quality management systems” have been leading buzzwords in the business world. Numerous consultants have built their careers around
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Contents Internal Control Requirements………………………………………………….3 Bank Reconciliation…………………………………………………………………..4 Pre Numbered Invoices……………………………………………………………..4 Pay Checks………………………………………………………………………………..4 Indelible Machine……………………………………………………………………..4 Purchasing and Paying for Supplies…………………………………………..4 Human Resources……………………………………………………………………..4 Petty Cash…………………………………………………………………………………5 Assign Passwords………………………………………………………………………5 Review and Evaluation of Internal Controls………………………………6
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LJB Company Internal Controls Evaluation and Assessment CONTENTS: 1. Introduction and Scope ……………………….Page 1 2. Results and Findings……………………………Page 2 3. Recommendations………………………………Page 3 4. Reference Citations………………………….…Page 4 LJB COMPANY - Internal Controls Evaluation and Assessment Introduction and Scope: This evaluation looks at the current internal control system at LBJ Company, assesses for compliance with requirements for Initial Public Offering (IPO) and provides
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Distance Learning and the Internet Conference 2008 5-2 Distance Learning Computer-based Hands-on Workshop: Experiences on Virtual and Physical Lab Environments Patcharee Basu, Shoko Mikawa, Achmad Basuki, Achmad Husni Thamrin, Keiko Okawa, Jun Murai Keio University Plenary Sessions Waseda University Presentations {yoo, funya, abazh, husni, keiko, jun}@sfc.wide.ad.jp Abstract In response to the educational demands of computer-skilled human resources, distance learning with ability
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traded companies to comply to. The Sarbanes-Oxley Act is arranged into eleven titles. As far as compliance is concerned, the most important section within these eleven titles is usually considered to be Section 404, which deals with internal controls. Since 2002, there has been a lot of debate about whether the act has positively or negatively affected corporate America. In this paper I have discussed the opinions of both sides of the argument.
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MEMO To: Andrey Simonov From: Vivian Jeansonne Subject: Internal Controls and the Auditing of Internal Controls Date: March 19, 2013 _________________________________________________ The Internal Control—Integrated Framework, published by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), defines internal control as “a process, effected by an entity’s board of directors, management and other personnel, designed to provide reasonable assurance regarding
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