Explain how business ethics relate to internal control.

Q: Identify each of the following as a (a) purpose of an internal control system, (b) principle of…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What is the concept of organizational culture and corporate culture?

A: Organizational Culture -  Organizational Culture means values and beliefs which guide how people…

Q: Who is responsible to set policies on internal control? Chief Executive Officer Audit Committee…

A: Internal Control:- It is the process effected by a company's board of directors , management ,…

Q: What is management’s responsibility for reporting on internal control over financial reporting?

A: Internal control is a mechanism or procedure that the company implements so that the integrity of…

Q: The most important fundamental component of an entity’s internal control isa. Effectiveness and…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: The integration of corporate sodial responsibility (CSR) into business practice is a form of…

A: Corporate Social Responsibility: Corporations' social responsibility (CSR) is a self-regulatory…

Q: What purpose do audits and GAAPs serve in today’s business world?

A: GAAP are the generally accepted accounting principles which are followed by the companies in the…

Q: What is Corporate Governance? What are attributes and the importance?

A: Good corporate governance is beneficial to corporate success and economic growth in the long run. In…

Q: SWhat is the relationship between the internal control system and risk management with corporate…

A: Internal control means compliance of all rules, regulations, policies with the achivement of goals…

Q: how to communicate information and monitor control processes in organizations.

A: Information is required for the entity to carry out internal control obligations in order to…

Q: Corporate governance is concerned with:

A: Corporate Governance is a set of principles, systems and, processes that make sure that a company is…

Q: write about the implementation of systrust (integrity,security,availability,privacy and…

A: Internal control is an important part of every organization. It helps in maintaining the efficiency…

Q: The internal control of an organization is made up of O control of the environment. O all of these.…

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: taining in

A: Managerial Responsibilities entail being in charge of the overall management of a work unit (or…

Q: How corporate governance is defined?

A: Corporate governance can be defined using the following points:

Q: How does the enterprise risk management influence the internal control detective identified?

A: Introduction: Control is a managerial function that aids in measuring actual performance by…

Q: What term is used to describe broadly to the manner in which an organization is governed or managed…

A: Corporate governance refers to the set of rules, procedures, systems, processes designed for the…

Q: What is the link between the internal control environment and accountability?

A:

Q: How do ‘audits’ work as a corporate governance mechanism

A: Introduction: An audit is an examination or audit by an auditor of various books of accounts,…

Q: Explain the relationship between corporate ethics and internal control.

A: Corporate ethics: Corporate ethics are also known as business ethics. It refers to policies,…

Q: Describe the agency problem in public companies

A: Definition:

Q: Discuss the agency theory, the stewardship theory, and the stakeholder theory in corporate…

A: Corporate governance refers to the system which formulates the desired set of rules and regulations…

Q: Define corporate governance

A: It is the basic set of principles and rules using which a corporate organization is governed…

Q: Which of the following is not a factor that influences a business's control environment?…

A: Business control environment: This business control environment is an internal control that operates…

Q: An internal control system consists of all policies and procedures used to protect assets, ensure…

A: Controls are the rules, procedures, and activities which are implemented within an organization for…

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: An internal control system is made up of all rules and processes that are used to safeguard assets,…

A: Here is the Answer

Q: Who is responsible for overseeing corporate activities?

A: Concept Introduction:   A company holds the money invested by its shareholders and investors; hence…

Q: Which of the following is true of internal​ control?         A. Internal control procedures tend to…

A: Internal control  is implemented  in organizations  by management

Q: ways on how to avoid conflict of interest in an organization.

A: Conflict of interest in an organization arises when the management and the employees do no share…

Q: What are the advantages and disadvantages of a ‘comply or explain’ model of corporate governance?

A: "Comply or explain" model of corporate governance - The purpose of 'comply or explain' model is to…

Q: What are management's and auditors' relative internal control responsibilities

A: Introduction:Management establishes internal controls. To preserve the integrity of the financial…

Q: Analyse the impact of corruption on good governance and assess the determinants of best practices in…

A: Answer: Corruption is the core challenge for sustainability and growth of the economy.…

Q: What can be done by a business to mitigate: Execution risk Technology risk Reputation risk…

A: Risk management  Risk management is the identification, evaluation, and prioritization of risks…

Q: Discuss the agency costs in the Agency Theory in corporate governance and solutions applied thereto.

A: Agency cost: Conflicts regarding the relative priorities between principals and their agents are…

Q: what are the responsibility of Board members with regards to internal controls?

A: Internal Controls Internal controls refer to the rules, regulations, or processes implemented by a…

Q: what is the importance of an organizational culture and a corporate culture?

A: Organizational culture is regarded as the set of values, expectations, and practices by which the…

Q: Explain how internal auditors’ sensitivity to ethical dilemmas might be influenced by corporate…

A: Ethical issue:   Ethical issue refers to the situation or problem that requires an organisation or…

Q: Why is a system of internal control not able  to overcome collusion by employees?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Use the opportunistic perspective of PAT to explain the potential for managers to manipulate…

A: SOLUTION- POSITIVE ACCOUNTING THEORY (PAT) PREDICTS THAT PROCESSES CAN BE PLACED IN PLACE ON AN…

Q: How governance can be used in the Corporate Governance? Give appropriate examples.

A: Governance is the system by which an organisation is controlled and operates. It is mechanism by…

Q: How can board members and senior managers actually monitor and control ethical behavior in a…

A: Ethical Behavior Ethical behavior is considered to be one of the important aspect of the business…

Q: What is the role of an internal auditor in enhancing good corporate governance

A: Internal auditor is an individual or firm which is internal to the organisation and he checks and…

Q: What is Management Responsible for in regards to Internal Control?

A: Internal control: Internal control is a process which ensures continuous reliability of…

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…