"You will discover what internal control means, why it is important, and how different control models function. You will find out why internal control is no longer an arcane discipline entrusted to a few specialists in the accounting department, and you will discover the immense impact of controls on your working life." "You will learn the components of the control framework and how they work together, and you will find plenty of advice on policy and procedures along with numerous tips on internal control design, implementation, and review. Finally, model policies on control and reporting formats, fraud, and ethics will help you design policies for your own company." "Internal Control: A Manager's Journey demonstrates that every employee in an organization has a stake in the control process. This valuable resource for CEOs, CFOs, auditors, controllers, and operations managers is a helpful guide for in-house, general-staff training programs."--BOOK JACKET.
Table of Contents
Taking Time Off.
Concepts of Control.
Negril and the Art of Using Procedures.
Fishing, Witches, and Support Systems.
Fraud, Corruption, and Lots of Rain.
Controlled Creativity and Chaos.
A Corporate Internalized Control Facility.
Appendix A: The Managerial Control System.
Appendix B: Three Strikes and You're Out: Putting Compliance into Perspective.
Appendix C: Top Ten Imperatives for Facilitators. Appendix D: Trianing Courses. Appendix E: A Risk Paradigm. Notes. Index.