ACC 544 Week 5 Controls for Outflows

May 8th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

ACC 544 Week 5 Controls for Outflows

Word Count: 1042
Showing Page: 1/3
Week 3What are some major components of an internal control system? Are these components always necessary? Explain your answer.We have learnt in the last decade that the financial markets do not like the surprises, to be accurate the negative surprises. As the number of high-profile corporate scandals around financial reporting has increased making Enron, Worldcom, Parmalat, etc household names, the investing public, especially the institutional side, started scrutinizing the public companies' corporate governance, risk management and internal control structures and effectiveness. (Just as a side note: yes, there were still sophisticated institutional investors, mainly in Europe, which overrode common sense risk management as they wanted to believe that Madoff makes those returns, because the market is good even though the reports were plain excel spreadsheets. Until the profit is the

Review from student

Studypool Student
" Excellent job "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors