Accounting is important to society and internal controls are an important part of ensuring the integrity and
Question:
Accounting is important to society and internal controls are an important part of ensuring the integrity and reliability of accounting information. The first step in creating a strong system of internal control is the establishment of a steadfast foundation of corporate governance. This foundation establishes the guidelines by which management will act as an example for employees and the public. Measures are needed to establish this foundation such as a corporate code of conduct. Once these measures are in place, further internal controls can be developed which will mirror and support the corporate governance created. Do you have any experience with an organization you work for establishing or revising their code of conduct? If you do not, discuss what you believe should be included in an organization’s code of conduct.
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura