Internal Control Essay

Employees usually sign a contract before starting a new job which clearly states that you will follow all the policies and procedures put in place. Staff members who do not follow policies and procedures should be given more and helpful training and in worse cases should be sacked because no service user should be put at risk because of one employee. Most policies and procedures include safe guarding, cleaning, food safety, reporting of accidents, fire evacuation and security of premises. Safeguarding is important because people who require safeguarding are often elderly and weak. They often either suffer from a physical or learning disability and they are at a risk of suffering from abuse.

-Ensuring the security of their workers, carry out a risk assessment and then take action to reduce the chances of those risks arising, for instance monitoring CCTV cameras.

By making sure that they follow all employment and labor law. Not only on a federal level but also within the states their business reside.

Take appropriate disciplinary measures when someone engages in criminal conduct such as bribery, fraud, money laundering, etc.

Its important for Juan to make sure he is keeping an eye on employees too because he helps to aid the defense. He wants to make sure that his line of defense against fraud is strong, but also be aware of any suspicion so that it can be taken care of quickly.

26) Which of the following is NOT a way in which a salesperson can steal from the company?

Human resources: this is needed in the business and is also monitored because if someone isn't doing his/her work correctly then they are likely to be replaced with someone that is better. If the business is to expand then the business needs to employ staff with certain ability that will benefit their business.

b. This is an extremely difficult type of fraud to uncover because the company is recording all the goods at the

.Pest control – Employers must do a number of things to control pests. A few of them being: securing

Internal controls represent an organization’s processes and procedures used to meet its goals and objectives and serve as a defense in safeguarding assets and preventing and detecting errors, fraud, and abuse. Effective internal controls provide reasonable assurance that an organization’s objectives are achieved through (1) reliable financial reporting, (2) compliance with laws and regulations, and (3) effective and efficient operations. The passing of the Sarbanes-Oxley Act of 2002, as well as the numerous corporate frauds and bankruptcies over the past decade—including some

Companies can prevent falling victim to unauthorized physical access by developing and implementing simple policies, standards, procedures, and guidelines for employees as well as guests to follow. Secure all areas containing sensitive systems and/or data. Require staff to follow entrance procedures when entering a secured area. Also ensure that physical data such as important documents are secured. Require

There are several procedures that should be considered when implementing internal controls for your business. There should be a segregation of duties between different individuals to lessen the threat of

Another way that might prevent employee theft is through surveillance. In the early 1990's Long John Silver's Restaurants, Inc. installed surveillance cameras in their stores after having a history of internal losses. The cameras proved to work during one of many instances. One instance included a young cashier who had stolen over eighty dollars in less than two hours while working at the Long John Silver's drive-through window. Unfortunately for her, in the ceiling, over the drive-through register, a surveillance system had recorded her every move.

Controlling Process in Management Controlling is directly related to planning. The controlling process ensures that plans are being implemented properly. In the functions of management cycle - planning, organizing, directing, and controlling - planning moves forward into all the other functions, and controlling reaches back. Controlling is the final link in the functional chain of management activities and brings the functions of management cycle full circle. Control is the process through which standards for performance of people and processes are set, communicated, and applied.

Effective internal controls protect a company’s assets, maintain compliance, improve operations, prevent fraud, and promote accuracy in financial reporting. In 1992 the