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3 years ago

Design or name any methods of internal controls you think could prevent or detect the unethical behavior in the future.

Business

1 answer:

Maurinko [17]3 years ago

6 0

Answer:

As we know the internal controls are not effective after a passage of time because there are familiarity threats which might result in the unethical behavioral implications. So to prevent or detect the management unethical behavior, we can do the following things:

Segregation of Duties

Checking the effectiveness of the internal control after every year or semi year.

Using only company bank account for all the payments and receipt.

Redesigning policies of the organization to ensure effective working of the internal controls.

Bank reconciliation at the month end

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An individual bank will lose reserves to another bank when a check is written and deposited at the second bank.A) True B) False

ddd [48]

Answer:

False

Explanation:

As our government gave the right to banks to question any queries regarding another bank details if the transaction is being processed. All the information that are needed from the bank to withdraw the money and deposit the money should be given to analyse whether the person will return the fund on given time. It is useful in getting suitable knowledge about that person and banks can also communicate about the coming problems and what pros and cons they might be facing in coming years so that they can be warned.

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3 years ago

Giancarlo has received an inheritance from his rich uncle and is contemplating the purchase of a Suzuki XL7. In an attempt to ma

Effectus [21]

Answer:

Giancarlo’s initial investment in the Suzuki XL7 is $17,122

Explanation:

The computation of the initial investment is shown below:

= Negotiated price of new Suzuki + Taxes and fees charges on purchase of a new car - proceeds from the old car

= $24,675 + $1,732 - $9,285

= $17,122

The estimated value of the old, new car and the annual repair cost is not relevant for computing the initial investment. Hence, we ignore it and not considered this cost.

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3 years ago

The republican party has used both the _____ and the eagle to identify itself.

ASHA 777 [7]

The Republican Party currently uses the Elephant as a symbol to represent itself. This started in the 1870s when the political cartoonist Thomas Nast used it opposite a Donkey for the Democratic Party.

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4 years ago

Why is it important to people with disabilities to get an adapted drivers license?

Harrizon [31]

When people with disabilities get an adapted driver's license, they become better able to independently function and contribute to society. This feeling facilitates successful self-actualization. An adapted drivers license will also alert government officials, whenever necessary, of any special precautions necessary when aiding these drivers in tasks related to their disability, and in providing proper accommodations as such.

8 0

3 years ago

Reuter Bank loaned Sabean Corporation $500,000 in

hammer [34]

Answer:

C) I, II, and III only.

I. May demand payment of the full amount immediately from the sureties when the corporation defaults on the loan.
II. May demand payment of the full amount immediately from the sureties even if Reuter does not attempt to recover any amount from the collateral.
III. May attempt to recover up to $200,000 from the collateral and the remainder from the sureties, even if the remainder is more than $300,000.

Explanation:

The bank has several options in this case, depending on the financial position and net worth of the sureties and the corporation. It can decide to collect all the debt directly from them, or collect part of the debt through the collateral property, or it can go after the assets of the corporation, or any type of combination. In this case the bank has three options from which it can collect the debt and it is up to them to decide how they proceed.

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4 years ago