* Institute of Management Accountants Statement of Ethical Professional Practice For accountants that work in industry or management accounting roles, the Institute for Management Accountants requires that its constituents follow the IMA Statement of Ethical Professional Practice including Honesty, Fairness, Objectivity, and responsibility. It’s similar to the AIPCA Code of Professional Conduct, but the AIPCA Code of Professional Conduct emphasizes independence, integrity, and objectivity. And
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Riordan Corporate Compliance Plan Learning Team B Veronica Garcia Maribel Rojas Lorena Soto LAW/531 July 23, 2012 Roger Rodriguez Abstract The use of university resources and materials allows teach team members to create Riordan’s Corporate Compliance Plan. In the compliance plan students address the lawful responsibility of Riordan’s executives and presents solutions to situations, which laws have been violated and consequently propose corrective actions. Moreover, the compliance plan
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A1a Horizontal analysis is the comparison of a company’s performance from year to year. (Horngren, Harrison, & Oliver, 2008) In reviewing CB, Inc.’s (CB) income statements and balance sheets for years 6, 7 and 8 we find fluctuations in sales, cost of goods sold and several other line items. CBs’ net sales experienced an increase of 33.3% from year 6 to year 7 with an increase in net earnings of 313.4%. In comparing year 7 to year 8 we find that CB did not have quite as good of a year; during
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CANE COSO v. PIT BULL: Let’s Compare Some Traits I have to say, we’re obviously biased here toward cane corsos, but we do love pit bulls nonetheless. So, I wanted to address the subject that seems to come up frequently about “Which is a better guard dog?” My immediate answer, hands-down, ALWAYS is the cane corso. While pit bulls are fierce and highly aggressive toward other dogs, they seldom attack people. They are very sociable, and make good family pets, despite their bad reputation.
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originally proposed effective date for filling management’s report on internal control over financial reporting. Managers must implement the establishing and maintains adequate internal control of financial reporting. They must identify the framework of COSO which is a committee of supporting organization of the tread way commission report for internal control. Management must assess the effective of internal control of the recent fiscal year. In the statement the disclosure of any weakness of issuers
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Qualitative characteristics in accounting disclosures: a desirability trade-off Malcolm Smith Associate Professor of Accounting, School of Economics and Commerce, Murdoch University, Perth, Australia A number of studies in the USA, UK, Australia and Canada have addressed the evaluation of the usefulness of accounting information and sought to identify criteria for assessing the quality and utility of financial reports (e.g. Institute of Chartered Accountants in England and Wales (1975), Financial
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special grand jury investigation then uncovered numerous internal control problems that contributed to the deficit. In this memorandum, I will discuss Violet Bay School District’s control systems. I will evaluate the control system using the framework in COSO framework and identify control mechanisms. I will also address the components of the fraud triangle that were present at VBSD. EVALUATION OF CONTROL SYSTEM VBSD does not create a good control environment with commitment and ethical values well
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sector. This case elaborates the policy and objective of risk management as well as provides a discussion on the various committees that steer risk management forward in PjC. The process involved is also provided and comparison is also made with the COSO framework. The exhibits provided in this case are used with permission straight from the organisation’s files, and all of the information in this case is factual, as obtained from field study performed which includes observation and interviews performed
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Checklist for Evaluating Internal Controls Samy Yaacoub ACC/544 Internal Control Systems Prof. Robert J. Cornett March 26, 2012 University of Phoenix Checklist for Evaluating Internal Controls Abstract An auditor uses a checklist as an efficient toll in performing a review to the organization departments’ internal controls. This report provides a suggested comprehensive checklist to evaluate the organization internal control system in the PowerPoint presentation attached. It is
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MỤC LỤC Lời nói đầu _____________________________________________________ 1 Mục lục __________________________________________________________ 2 I.Tổng quan _____________________________________________________ 3 1.Khảo sát hệ thống _________________________________________ 3 2.Phân tích hiện trạng ________________________________________ 3 3.Nhu cầu tin học hoá ________________________________________ 3 II.Phân tích yêu cầu _______________________________________________ 6 1 Yêu
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