Effective segregation of duties is sometimes not economically feasible in a small business. What internal control elements do you think can help compensate for this threat?

Q: Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the…

A: Senior executives of the companies are responsible for their work and contribution to the companies.…

Q: What are operations people’s primary complaints against the accounting procedures used in most…

A: The primary complaints against accounting departments have to do with the fact that accounting…

Q: rue or False: Effectiveness is doing the right things of completing activities so that the…

A: The basic meaning of effectiveness in Management is that the concerned person/team has a capability…

Q: ABC company thinks that implementing good internal control is not that important. Your job is to…

A: The approach of the company to not implement internal controls is wrong as effective control reduces…

Q: Discuss the dangers of ignoring the impact of business decisions on the full range of stakeholders,…

A: In every business, decision-making is the most important thing for business continuity. Businesses…

Q: what happens when director is being irresponsible in the company?

A: Responsibilities of the director of a company are the following:- 1. Exercise independent judgement…

Q: is there is a evidence that a more robust corporate governance could avert unethical issues?

A: Corporate governance is important as it makes the rules and regulations for the smoothening of…

Q: Enron's directors realized that Enron's conflict of interests policy would be violated by Fastow's…

A: The entities or vehicles which have been designed or developed especially for certain specific…

Q: risk of engaging in criminal behaviours is evaluated by corporate managers who have very little to…

A: Inaccurate ,  Where a criminal attitude just be like theft, hacker, any hazarious to company or…

Q: Unethical acts are generally committed by unethical people. What are some things companies can do to…

A: The companies can ensure the ethical behavior of the employees by: Creating a code of ethics,…

Q: In the United States, there are various forms of economic oversight that are performed by the…

A: The question is based on the legal structure and framework in the industry to protect consumers from…

Q: Competition can be depended on to keep insurance rates from being excessive, and good management…

A: Insurance rates are the prices charged by the insurance for a specific unit of risk exposure. In the…

Q: Sometimes the government will step in when they feel the need to encourage competition in a…

A: The government will step in when they feel the need to encourage competition in a particular…

Q: There is a conflict of interest between stockholders and managers. In theory, stockholders are…

A: Agency problem occurs when there is conflict of interest between the  agent (management) and the…

Q: Is it true that  IT governance is an issue for executives and top management. Lower-level managers…

A: SOLUTION   EXPLANATION - IT GOVERNMENT SHOULD ALSO INCLUDES LOWER LEVEL MANAGEMENT EMPLOYEES WITH…

Q: conflicts that can arise when a company is owned by group of shareholders but managed by a different…

A: The shareholders are owners of the business. As per agency theory, the management act as agents on…

Q: In a public corporation, the agency conflict is: O the exploitation of the workers by the owners the…

A: Agency Conflict refers to Conflict between the agents and owners of the company  Agents refers to…

Q: Economic enterprises, both for profit and nonprofit, generate revenues through business processes…

A: A thriving RCM method is crucial for a care observe to take care of monetary viability and still…

Q: The relatively low number of types of transactions incurred by small firms makes the segregation of…

A: The relatively low number of types of transactions incurred by small firms makes the segregation of…

Q: Firms often treat investment centers as if they were a... Revenue center Stand-alone business…

A: Decentralization: Decentralization alludes to a particular type of authoritative construction where…

Q: Evaluate the business process of Coca-Cola company to identify potential weak internal controls and…

A: Risks are defined as those factors which can lower the income of the organization, and can also…

Q: Internal control procedures are important in every business, but at what stage in the development of…

A: Internal Control:   It is a process of assuring the effectiveness and efficiency of the objectives…

Q: What measures can a management accountant take if existing written policies do not give adequate…

A: The answer:

Q: (a) Why is education and training rarely provided by firms? What government policies would encourage…

A: Educated employees earn more and have more opportunities than the person without a degree or…

Q: Remember, an agency relationship can degenerate into an agency conflict when an agent acts in a…

A: The problem or conflict of the entity occurs as a result of conflict between two parties, principal…

Q: Regulators may impose political costs on firms. However, there are ways that some firms practice to…

A: During the past few years, it has been observed that the size of the company and the level of…

Q: What is the possible agency conflict between inside owner/managers andoutside shareholders?

A: Agency conflict: The conflict of interest of two parties one which is the principal and other which…

Q: Explain several dimensions of the shareholder-principal conflict with manager agents known as the…

A: answer are follows

Q: Which of the following does not help align managerial and shareholder incentives? Question options:…

A: Antitrust law: This law is created for the purpose of saving the customers in case of a monopoly.…

Q: How can purchasing managers use their position to defraud the company? What can be done to prevent…

A: Purchasing Manager: The purchasing department is responsible to purchase the assets and hire the…

Q: explain how the separation of ownership and control in american corporation might lead to poor…

A:

Q: The manager of Q Corporation is recommendir the closure of Branch B in order to eliminate its

A: Answer: We do not agree with manager, as if Branch B is closed Net operating income for company will…

Q: Do you think there are any circumstances when you should go outside the company to report financial…

A: Being the Ethical Professional Practice includes a confidentiality standard requires we should not…

Q: Many firms have devised defenses that make it more difficult or costly for other firms to take them…

A: An agency problem is referred to as the disputes of an interest that usually an inherent their…

Q: The management of an organisation with a remote workforce is concerned that employees are clocking…

A: Definition:   Internal control: Internal control involves the norms and rules which is followed by…

Q: Do unions make it difficult for companies to attain a competitive advantage?  I think that it is a…

A: Competitive advantage is the favorable factor for the organization over the competitors prevailing…

Q: The tension between the interests of the CEO and the interests of long-term stakeholders helps to…

A: In corporate governance, there is a common issue of conflict between the interests of CEO and the…

Q: What is the best way for owners of small businesses to maintain proper internal controls

A: The business organization is required to maintain strong internal control in their organization so…

Q: What does a consistently negative responsibility marginimply will happen to the operating income of…

A: The revenue less occurred variable costs(VC) and also the traceable fixed costs(FC) could result in…

Q: Describe an adverse selection problem a company is facing. What is the source of the asymmetric…

A: When one party in a transaction has more or better information than another. Generally, this type of…

Q: What is the most likely consequence of unethical behaviours by management accountants? Satisfied…

A: Basic Concept of Management Accounting

Q: Which of t

A: Options A is a measure to safeguard because continuing the professional development will increase…

Q: Why do companies need internal control?

A: A company id defined as the legal form of business organization, which is incorporated by group of…