This website uses cookies to ensure you have the best experience. Learn more

The Importance Of Internal Control Programs

905 words - 4 pages

Internal control programs are important because they help managers and accountants organize and operate their businesses more effectively. Companies who fail to implement a control program often find themselves with a disorganized mess on their hands; often leading to financial troubles. For a control program to be developed effectively, administrators must design the plan of the organization which includes all of the methods and procedures preformed. This gives accounting controllers a better understanding of how the organization functions, so that they are able develop a plan of transactions, safeguard of assets, and accuracy of financial records. Organizational leaders often refer to the ...view middle of the document...

* The purpose, nature and components of the company's internal controls.* The role of internal audit.* The role of the audit committee.* The role of the independent auditor.(Willis and Lightle)Another technique for organization maybe to hire employee's who are members of the American Institute of Certified Public Accountants (AICPA). The AICPA is an organization Committed to member service and the public interest. CPA's can become members of this organization as part of their career development. (http://www.aicpa.org/index.htm)The Relationship between Ethics and Internal Control TechniquesEthics and internal controls go hand in hand. While the term "Ethics" can be sub-divided into categories, we can refer to Normative ethics because it takes on a more practical task, which is to arrive at moral standards that regulate right and wrong conduct. This may involve articulating the good habits that we should acquire, the duties that we should follow, or the consequences of our behavior on others. A good internal control is based on sound ethical beliefs of the organization's leaders. The true test of a good control system is shown by how well these beliefs are carried out among employees. The article Financial accountants' perceptions of management's ethical standards best describes this. This is a great article, one which describes how the tone is set top down by senior management and then carried out throughout the organization. For years now, organizations have been trying to create ethical environments by implementing a number of initiatives, including: codes of conduct, ethical awareness training programs, and ethics offices (Ethics Resource Center, 1994). The article goes on to say...

Other Essays Like The Importance Of Internal Control Programs

The Importance Of Childhood Immunizations Essay

2121 words - 9 pages Parents are asking a question when they take their offspring to their pediatrician. Do we have to vaccinate our children? Many parents question the importance or even the need for their children to receive vaccinations. The reasons for their objections or doubts vary from religious beliefs, a lack of understanding exactly what immunizations really are, or fear that their children may acquire a serious reaction to the vaccines themselves

Diversity as an Internal Factor Affecting the Functions of Management

769 words - 4 pages An organization utilizes a number of resources in order to obtain efficiency and to reach set objectives and goals. Internal and external factors affect the four functions of management and if approached successfully can lead to productivity and accomplishment of organizational goals. An internal factor that influences the four functions of management is diversity. Diversity or demographics represents age, ethnicity, race, gender, education

The Importance of Class Behavior

472 words - 2 pages assigned. When the teacher is talking, students will listen intently and attentively, pretending they are interested in what the instructor is teaching, even if they are overwhelmed with boredom, as it is a definite manner of respect in which we strive to achieve.In conclusion, we, as a class, understand and accept that class behavior is of great importance in the Science class and the rest of our classes as well. If inconvenience has been caused to

The Importance of Classroom Management

1488 words - 6 pages The Importance of Classroom Management An effective classroom management plan is the key to becoming an effective teacher, as well as making sure that is learning going on in the classroom. (Wong, Wong, Rogers, & Brooks, 2012) All classrooms should have an effective teacher to teach the students. An effective classroom management plan will also help the teacher keep the classroom under control and it helps the students focus better. An

The Importance of Being Earnest

1480 words - 6 pages Oscar Wilde's wildly popular play The Importance of Being Earnest calls upon a long English theatrical tradition epitomized by William Shakespeare: the use of double and sometimes triple meanings. On one level, you may say that the characters are not "earnest" in their behaviors; that they are all frivolous and irresponsible. This would be on the satircal level; the level at which Wilde is poking fun at the ridiculaousness he sees in English

Macbeth - The Importance Of Night

806 words - 4 pages sense the horrible sin that Macbeth had committed. Macbeth, the evil-doer himself, even notes the presence of evil, declaring, "Good things of day begin to droop and drowse, / while night's black agents to their prey do rouse," as noted in my word journal. In the tragic play "Macbeth," night has a role of paramount importance. Without it to conceal his evil deeds, Macbeth would not have murdered King Duncan. Also, I learned

The Importance of Being Human

3125 words - 13 pages The Importance of Being Human ABSTRACT: In this paper I will defend a kind of human-centered perspective regarding ethical questions wherein the interests of humans and nonhumans alike are involved. Compared to other species, however, the idea that there is something special about being human is commonly vague. For example, it is unclear whether the thought is (1) being a human being is important in itself, or (2) it is important to be like a

The Importance of Ground Water

1377 words - 6 pages The importance of groundwater for the existence of human society cannot be overemphasized. Groundwater is the major source of drinking water in both urban and rural India. Besides, it is an important source of water for the agricultural and the industrial sector. Water utilization projections for 2000 put the groundwater usage at about 50%. Being an important and integral part of the hydrological cycle, its availability depends on the rainfall

The Importance of Accountability Paper

1377 words - 6 pages The Importance of Accountability Paper Week Four Individual Assignment HCS/475 Robin Brunette February 17, 2013 Accountability is important in every type of industry but for the health care industry it is very important. Someone is accountable for everything that occurs in each health care organization. Accountability is accepting ownership for everything that happens, whether it is good or bad. When employees have a high level of

The Importance of Active Listening

752 words - 4 pages The Importance of Active Listening Communication is an essential of our everyday life; something we do as naturally as taking our next breath. Many of us see listening in much the same way. Communicating goes much deeper than just instinctive reaction. It takes work. Communication requires active listening and an understanding of interpersonal relationships to have satisfying workplace relations. “Most people do not listen with the intent

The Importance Of Extracurricular Activities

1342 words - 6 pages The Importance of Extracurricular Activities Imagine walking across the stage in just a few years from now. Having thousands of eyes pointed at you as you take that emotional walk to finally receive your high school diploma. After a few years when you have graduated high school and started life, you're going to look back and think, what have I accomplished so far? Extracurricular activities can be very beneficial for students now, and those

Related Papers

Autit Of Internal Control Systm Essay

5269 words - 22 pages future based on a combination of factors such as: accessing overseas markets, improving the way they do things, better customer relations, product innovation etc. • Businesses recognise the importance of having a robust business strategy to guide them through a recessionary period. However, what was done in response to the recession largely conforms to the emergent theory of strategy formulation discussed within. • Although there have clearly

Importance Of The Ecosystem Essay

1009 words - 5 pages Importance of the Ecosystem Rhonda Montgomery American Intercontinental University Abstract Everything on our planet is connected in some way being a community of both living and nonliving things all working together in order to sustain life, this is considered to be an ecosystem in which there are various types including the grasslands, aquatic, desert, mountains and forest. All living things require a well-regulated ecosystem in order to

The Importance Of Recycling Essay

829 words - 4 pages Importance of Recycling on the Environment ​The world we all currently live in is made up of a society with no remorse toward the future of our planet. Recycling is one way the people of the world can preserve our natural resources. The world needs more people to recycle. Recycling will preserve our natural resources, help keep the oceans and our forests clean, and limit the amount of pollution we produce. The world is polluted with recyclable

The Importance Of Earnestness Essay

698 words - 3 pages after being told everything about him from John seemed to be in complete control of the situation as well. Until Algernon posing as Earnest (of course) fell in love with Cecily. This added dynamic puts both characters into similar traps, and equally they become more and more bound to each other’s lies. Ironically, Algernon’s subtle insult to Jack so much sweeter because it now appears he is a fool as well. Quote- “Jack.  I am sick to death of