REVIEW OF INTERNAL CONTROL SYSTEMS: FINANCE MANAGERS VS INTERNAL AUDITORS AND EXTERNAL AUDITORS - Couverture souple

Mulli, Boniface Kalinda; F.Ali PhD ( Illinois USA), Prof.Hamdi

 
9783844304992: REVIEW OF INTERNAL CONTROL SYSTEMS: FINANCE MANAGERS VS INTERNAL AUDITORS AND EXTERNAL AUDITORS
Couverture souple
ISBN 10 : 3844304991 ISBN 13 : 9783844304992
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

Internal Control Systems have continued to be a major concern in governance and this importance has been magnified in the recent years due to global increase in financial scandals and malpractices.Reports by various watchdog organisations have continued to serialize massive financial frauds and malpractices in organisations despite having internal controls in place. This motivated the author to write this book on internal control systems.For an internal control system to be effective, three stages of design and establishment,implementation and continuous monitoring phases have to be in place.An analysis made from chief finance officers and chief internal auditors as well as external auditors for the purpose of comparing and contrasting their opinions revealed a contrast.While the chief finance officers indicated internal controls systems are effective and working well in their organisations, the chief internal auditors and external auditors were in disagreement stating that the systems are ineffective. After the study,recommendations on areas of concern and improvement for effective implementation of internal control systems as well as future knowledge have been highlighted.

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Présentation de l'éditeur

Internal Control Systems have continued to be a major concern in governance and this importance has been magnified in the recent years due to global increase in financial scandals and malpractices.Reports by various watchdog organisations have continued to serialize massive financial frauds and malpractices in organisations despite having internal controls in place. This motivated the author to write this book on internal control systems.For an internal control system to be effective, three stages of design and establishment,implementation and continuous monitoring phases have to be in place.An analysis made from chief finance officers and chief internal auditors as well as external auditors for the purpose of comparing and contrasting their opinions revealed a contrast.While the chief finance officers indicated internal controls systems are effective and working well in their organisations, the chief internal auditors and external auditors were in disagreement stating that the systems are ineffective. After the study,recommendations on areas of concern and improvement for effective implementation of internal control systems as well as future knowledge have been highlighted.

Biographie de l'auteur

B.Kalinda Mulli,born in 1960 in Kenya, holds an MBA in Accounting and Finance from Maastricht School of Management,The Netherlands. An Assistant Director of Audit with Kenya National Audit Office,the Supreme Audit Institution(SAI) of the country,he has extensive experience in External audit,(including investigations) in various fields and sectors.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3844304991
ISBN 13 
9783844304992
Reliure
Broché
Nombre de pages
72
Coordonnées du fabricant
non disponible
Personne responsable
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