Internal control Essay Topics

Internal Assessment Front Sheet

This form is designed for electronic completion and where necessary boxes will expand as you type. Once fully completed, this form must be printed for submission and both teacher and candidate authentication statements signed by hand. Please ensure that all pages are fastened securely prior to submission. Description of Citizenship Activity Describe how you participated in a… View Article

Risks and Internal Controls for Kudler Fine Foods

Internal controls are policies and procedures a company uses to ensure the accuracy and validity of their data. Risks are threats to that data that could be internal or external of the company (Hunton, Bryant, & Bagranoff, 2004). The following paragraphs will identify and analyze the risks and internal controls as they relate to the… View Article

Biovail Case Study

Biovail Corporation, a major Canadian pharmaceutical company listed on the New York Stock Exchange, announces that it will miss its quarterly earnings target by $25 to $45 million, blaming $10 to $15 million of the shortfall on a truck accident involving a shipment that left its facility on the last day of the quarter. The… View Article

Sarbanes-Oxley Act paper

“The paper describes the main aspects of the regulatory environment which will protect the public from fraud within corporations. It pays particular attention to SOX requirements and specifically evaluate whether SOX will be effective in avoiding future frauds” (University of Phoenix, 2014). Introduction “In the never ending battle against white collar crimes and corporate corruption,… View Article

The Sarbanes-Oxley Act

The Sarbanes-Oxley Act of 2002, often abbreviated as SOX, is a legislative act passed by Congress in response to the Enron and WorldCom financial scandals. The primary purpose of SOX is to protect shareholders from errors or fraudulent reporting by the company they have invested in. The Sarbanes-Oxley act is enforced by the Securities and… View Article

The Worldcom Fraud

Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements… View Article