Self -Reflection on Module 8.2a Financial Management Before the commencement of the sub-module 8.2, we were supposed to choice either 8.2a (Financial Management) or 8.2b (Investing Social Security Reserves), because the sub-module is divided into two. I have decided to take the sub-module 8.2a, and during online VC sessions, I have had gained some basic knowledge from this subject (Financial Management). For me, this is the first time I had chance to learn about the subject, before that I have
shareholders that the prepared financial statement is correct. That why the auditors conduct an audit on the financial statement of a firm with integrity and independence so that it is free from error and fraud. The research is going to show in regards to Critical analysis of the independence of the internal audit function through its relationship with management and the audit committee and the audit committee create threats to independence. Thus, this assignment focus is on the internal auditors
by Alex Gibney, explores the financial scandal that brought the firm (Enron) to its knees. Ethics can be viewed as the system of principles and values that governs the behaviour of a person or organization. In the instance of companies, the behaviour that the firm chooses to follow is imperative as operating under unethical practices can pose mojor challenges. This was the situation faced by the then CEO, Jeff Skilling, who sought to implement ‘mark-to-market accounting’ which booked potential future
CHAPTER 1 1.0. INTRODUCTION 1.1. PREFACE Internal audit plays a critical role in the Corporate Governance structure and process in an organization and posits as a key component of the independent risk management oversight function. MFI policy on the internal audit function is, therefore, designed to ensure that internal audit provides the Board with the independent assurance that the risk management, control and governance policies and processes are being complied with. The Board of Directors of