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    "Ethical behaviour can be affected by a range of factors revolving around our perception of the consequences. Is it the person who is bad, or is it that the environment that makes good people behave b

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    "Ethical behaviour can be affected by a range of factors revolving around our perception of the consequences. Is it the person who is bad, or is it that the environment that makes good people behave badly?" A quote from DrE Tsahuridu CPA Policy Advisor on Professional Standards and Governance. Assignment Question: 1.Internal control systems and risk management procedures can protect organisation assets to a certain degree. Usingthe case study given, discuss what could have been implemented by thisnon-profit government organisation to stop the fraud from occurring. In your answe...

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    A relevant part of any business is its internal control. Internal control differ from organisation to organisation, but the work on a common mechanism. Internal controls are methods used by the company to achieve its objective effectively and efficiently. Internal controls are necessary for organisations in order to prevent fraud and mismanagement. Internal controls are procedures which not only ensures safeguarding of assets but ensure compliance with all

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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