1.Why the Internal control is far stronger when the services of an independent share registrar and a stock transfer agent are utilized?
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1.Why the Internal control is far stronger when the services of an independent share registrar and a stock transfer agent are utilized?
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- Distinguish between cybernetic and noncybernetic control and between pre, concurrent, and postaction control sytems.1. Explain the typical span of control at each level of the organization of ZTE Philippines, Inc. 2. Explain the number of levels in the hierarchy of ZTE Philippines inc. 3. Explain the administrative ratio (ratio of managers to total employees and rate of managers to production employees) of ZTE Philippines, Inc.Explain what are the objectives of internal control as per COSO are ?
- 1. An effective system of internal control within an organization is a prerequisite of effective corporate governance system and the core of corporate accountability. Discuss.4. A group of shareholders reviews with their external consultant the actions carried out so far in terms of internal control. The latter points out one of the following actions as inappropriate, to the point that it must be corrected immediately: Select one: a.Integration of mechanisms and company rules to establish a monitoring and authority system aimed at achieving its objectives. b.Reactive participation of Senior Management in the organizational evaluation. c.Correction of deviations, through quantitative indicators. d.Regulation of activities and behaviors of collaborators to direct them to the objectives.what's the role of the Board of Directors, the Risk Committee, the Audit Committee, and their relationship to each other in organizational governance.
- What are Direct Reliefs organization's current budgetary resources, structure, and responsibilities?What is the market for corporate control?Mr. Moosa was a owner/Manager of Muscat Pharmacy, a small, single-location drugstore. The store was founded by Moosa’s father and it had operated in the same location for 30 years. All of the employees who worked in the store were family members. All were hard workers, and Moosa had the utmost trust in all of them.Although the store thrived in its early years, performance in the last few years had not been good. Sales and Profits were declining, and the problem was getting worse. The performance problems seemed to have begun approximately at the time when a large drugstore chain opened a branch two blocks away.a) What are the issues affect the management control system in Muscat Pharmacy?b) What are the problems they face? Write your own imagination.c) What are the remedies need the employees?2. You are working in the department manager at manufacturing industry. What is your responsibility to tight control? In what respects are used in loosely controlled?
- What are the four major goals of internal control?Describe the execution of the planning and controlling activities under control- and involvement- oriented management practices.Which of the following would not be considered an inherent limitation of thepotential effectiveness of an entity’s internal control structure?(1) Incompatible duties (3) Mistakes in judgment(2) Management override (4) Collusion among employees