Documente Academic
Documente Profesional
Documente Cultură
Accurate
Complete
Cost beneficial
User targeted
Relevant
authoritative
Timely
Easy to use
Expedients
Social contract
Social ecologist
Socialist
Radical feminist
Deep ecologist
but iardrie is not the name of a town in Scotland whereas Airdrie is.
And Airdrie is the mnemonic for the work of internal auditors and / or the risk
committee
Analyse
Identify
Report
Design
Recommend
Implement
Evaluate
Clarissa Whistle-Blower the role of the audit committee
Clarissas maiden name was Whistle and she married a guy called Blower so shes
now Clarissa Whistle-Blower
and she lends an ear to any of the companys employees who want to blow the
whistle on company activities
Internal Controls
spam soap
Organisational Controls
Authorisation
Controls to ensure that transactions do not proceed until an appropriate individual
has given approval.
Physical
Supervision
Oversight of work of other individuals to ensure tasks are carried out correctly.
Personnel
Controls in place to ensure the suitable people are employed.
Arithmetic Accounting
Segregation/rotation
Management Controls
Control actions taken by management depending on the contents of reports
received. Managers should be involved in the day to day supervision of staff.
HAIRDRIFT
Honesty/Probity
Accountability
Independence
Responsibility
Decision taking/Judgement
Reputation
Integrity
Fairness
Transparency/Openness
CLARISSA
. independent judgement I
Primary/Secondary
Internal/External
Narrow/Wide
Known/Unknown
Legitimate/Illegitimate
Active/Passive
Voluntary/Involuntary
Recognised/Unrecognised
P= Peoples role
Performance role
In accordance with Higgs report
I= Induction programme
P= performance evaluation
STAKEHOLDERS= ICE
Internal
Connected
Extenal
FenABCD
F=Fact.
E=Ethic (Independence, Obedience, Confidentiality)
D=Decision
PELE:
P- Philanthropic
E- Ethics
L- Legal
E- Economy.
Approaches to CSR
PRAD
P- Proactive
R- Reactive
A- Accomodative
D- defensive
PRESSSD
Pristine Capitalist
Radical Feminist
Expedients
Social Contract
Social Ecologist
Socialist
Deep Ecologist
COSO provide a framework which is used to assess the effectviness of the system of
internal control. It consists of 5 elements (CRIME)
1. Control activities
2. Risk assesment
4. Monitoring
Fairness
Integrity
Judgement
Independence
Openness
Probity
Responsibilty
Accountability
Reputation
Focus on objectives
Lay stress on areas where rules cant applied such as culture n s/h relationships
No leeway or deviation
Auditing standards
Whistleblowers protection
Corporate reporting
Role of ChairmanREREFEET
Role of CEO-BRIBE
Risk management
Board commitees
Honesty/Probity
Accountability
Integrity
Responsibility
Decision-taking/ Judgment
Reputation
Independence
Fairness
Transparency
JAFRI TRIP
JUDGEMENT
ACCOUNTABILITY
FAIRNESS
RESPONSIBILITY
INTEGRITY
TRANSPERANCY
REPUTATION
INDEPENDANCE
PROBITY
Role of ChairmanFREE TREE
QWAC PIANO
Whistleblowers protection
Auditing standards
Corporate reporting
Non-audit services