Internal Control Programs Are Important Term Paper

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Defining internal control techniques usually need ethics as base reference. This is because the condition of employees must always be considered, whether an internal control will positively or negatively affect the people within an organization. Thus, when establishing an internal control program, the "good for all" must always be the objective. While internal control techniques define what is good for an organization, the employees who comprise an organization must therefore benefit that "good." And, what is good must always be in accordance to the values of ethics.

Define the Importance of the Sarbanes-Oxley Act

The importance of the Sarbanes-Oxley Act is apparent in the treasury management of corporations. According to Steven Krippner, on the purpose that Sarbanes-Oxley Act serves, it protects investors by improving the accuracy and reliability of corporate disclosure..."

The Sarbane-Oxley Act is important because it regulates and protects investors, especially those who file financial reports in accordance to the Security Exchange Act (Trema.

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Com). Fraud and white-collar crimes are similarly monitored and prevented by this Act. This is made possible by requiring managements to submit certified and accurate documents and disclosure of information.

Generally, the Sarbane-Oxley Act is important because it requires organization managements to control and audit their operations especially in financial and treasury management. How it has became important to companies is indicated by Steven Krippner in his article, stating that some companies have found that implementation has provided them with an opportunity to improve controls, processes and especially reporting. In particular it has enabled them to introduce consistency in the way treasury addresses certain key activities and the controls around them, as required by the Act.".....

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