Auditing Project - Secret Shopper and Internal Controls Essay

Auditing Project - Secret Shopper and Internal Controls - Essay Example Literature Review - After so many high-profile corporate collapses, both government and business has emphasized again the use of internal controls to fight fraud which is one of the white collar crimes being committed in greater amounts and more frequency (Lindgren 1). Fraud is a deception carried out to make unlawful gains and todays fast-paced computerized world often makes detection very difficult. At any rate, the purpose of good internal controls is to prevent fraud from being committed in the first place by making its commission difficult and secondly, internal controls should be able to catch fraud sooner rather than later. When all the internal controls are properly implemented and enforced, detection is easily a matter of time. Specifically with regards to accounting and auditing, internal controls should achieve three things; namely: protecting an organizations assets and properties (both the tangible and intangible), make sure business information (especially financial dat a) is timely and accurate, and lastly, the company is in compliance with reportorial requirements, laws and regulations. The last objective, which is compliance, acquired greater significance in view of the passage of important legislation such as the Foreign Corrupt Practices Act (1977) and equally important Sarbanes-Oxley Act (2002). The Committee of Sponsoring Organizations or COSO stepped in to provide crucial guidelines when it comes to fraud, internal controls and financial reporting. Internal controls are five critical components like general corporate environment, risk assessment, information and communications, control activities and monitoring functions (Arens, Elder & Beasley, 321) that in turn impact on its corporate governance, enterprise risk management, business ethics, fraud, internal operational controls and financial reporting. The report therefore pertains to the five

What Implications Do the Notions Contained within Ideas of New Essay

What Implications Do the Notions Contained within Ideas of New Humanitarianism Have for Disaster Response, Reconstruction and Mitigation in the Developing world - Essay Example They will note many significant events that happened at the end of the XX century and during the first decade of the XXI century. They will talk about the world socialism fall and the end of the Cold War, half-century-long, about the transition of many countries to democracy, about their formation on free market and open society, about a new stage of economic globalization, in the information space, along with the human values and human rights movements strengthening, about freedoms and the struggle of the world community against international terrorism. First, the very humanitarian message is based on the principle of non-partisan, which prohibits the use of this ideology to struggle for gaining power in society, as well as using techniques of suggestion and propaganda during the humanistic enlightenment. From the outset, the first humanitarians rejected the methods characteristic of religious sermons and political parties’ campaigning, involving public-relations technology, hypnosis, and manipulation of consciousness, because they considered them morally and psychologically unacceptable and even offensive to any free and self-respecting person (Held, 1995). Humanistic teachers and educators scrupulously kept the principle of free choice and critical studies, including (perhaps even primarily) humanitarianism relation to the theory and practice. The philosophy of the new humanitarianism can form the basis for planetary noosphere Ethics, resting on the principles of spirituality, multiculturalism, valeological practices and environmental responsibility But the main reason of why most people gradually became, in turn, consciously practice the ideas of humanitarianism, was that this ideology did not invent anything qualitatively new and did not call for anything. It just points to the existing principles and values that were actually recognized, and it was necessary only to clarify, develop and strengthen them. Humanitarianism identified, systematized, exp lained, but did not invent anything new and, of course, these universal moral, civil, educational, aesthetic, ecological, noosphere and other values were not imposed to anyone (Blackham, 1996). Humanitarian assistance is a kind of grant aid (assistance), means for life, distributed free to residents of areas affected by a humanitarian catastrophe, or standing on its edge. International Court of Justice has determined permissible humanitarian aid for the conditions of armed conflict, such as "providing food, clothing, medicines and other humanitarian aid, but that does not include the provision of weapons, weapons systems, ammunition or other equipment, vehicles and materials that can be used to inflict serious bodily harm or cause death. " Humanitarian aid is different from foreign aid due to its urgency and the fact that it is used to relieve the plight of disaster victims. Any person has a right to receive humanitarian aid in case of disaster. The victim has the right to ask for h umanitarian assistance needed to save his or her life and human dignity in a disaster, to receive this assistance from government or other competent organizations. The first organizations, which began providing humanitarian aid, were religious organizations. So-called Missionary Society, which reached their peak in Europe and North America in the XVIII and XIX centuries, was not only engaged in conversion to Christianity, but also provided the inhabitants of various distant countries with humanitarian assistance. They promoted awareness of humanitarian needs in other parts of the world, and in this regard, some particular communities often financed the