How do you resolve conflict of interest in an organization?

Q: The importance of organizations in general of all kinds

A: An organization is that type of an entity like a company, institution or an association which aims…

Q: Is business ethics an oxymoron?

A: Ethics:   Business ethics refers to a set of moral codes and guidelines that governs corporate…

Q: Explain the role of voters as one of the causes of inefficiencies underlying the public choice

A: Public choice reflects people's action in  collective decision making. The main features associated…

Q: Why Balancesheet is important for the organisation?

A: In simple terms, a balance sheet is like a "financial photograph" of a company's health and…

Q: Look at the definition of “internal control” For each internal control objective, what does it cover…

A: Introduction: Internal control refers to the controlling mechanism and efficiency measurement…

Q: What is the responsibility of whoever in the context of risk management?

A: Risk management-It is an important management process as it helps to minimize the impact of an event…

Q: What steps would you take to ensure that your management team makes decisions for the better of the…

A: the following steps may be taken to ensure the management team continues to work towards enhancing…

Q: What is Competitive Advantage b. What is Competitive Disadvantage c. What is Risk Management and…

A: "Since you have posted multiple questions, we will solve first question for you. If you want any…

Q: How discussing control with the apprpriate levels of personnel in internal control system?

A: To achieve the organisation’s goals & objectives the board of directors along with the top tier…

Q: What is the difference between "Comptroller" and "Controller"?

A: Meaning - Comptroller is the person responsible for audits and expenses of the government. The…

Q: What is the relationship between principle-agency theory, separation of ownership, and controversy?

A: Corporation there are shareholders who are the owners of the company but they do not run the company…

Q: What is the difference between operating departments and service departments?

A: There are so many multinational corporations that manage difficult industries. Managing such…

Q: how does communication aid in assessing inherent risk, control risk and detection risk

A: Factors of Communication aid in Assessing Inherent Risk, Control Risk and detection Risk There are…

Q: How does the enterprise risk management influence the internal control detective identified?

A: Introduction: Control is a managerial function that aids in measuring actual performance by…

Q: What is the conclusion of accountability and transparency in terms of policing?

A: Accountability  in terms of policing.  Police accountability ensures that officers can work together…

Q: Explain how “groupthink” might lead a person to ignore moral and ethical duty in an organization.

A:

Q: What are responsibilities centre means. Discuss its types of responsibilities centre that very…

A: In accounting we often come across the term “responsibility centers”. Essentially a responsibility…

Q: What are management’s and auditors’ respective responsibilities regarding internal control?

A: Internal control: Internal controls are set by management. it is important to understand that…

Q: Why does an organization need the services of an MAS consultant even if everything seems all right…

A: Management Advisory Service (MAS) Consultant Business entity seek help from Management Advisory…

Q: g? and How it apply to the company?

A: Strategic systems auditing involves the auditing team gaining high-level knowledge of the business,…

Q: What is inside directors?

A: Directors are the people (or) committee of members (or) department who is in charge of the…

Q: What steps can be  taken to ensure that a management team makes decisions for the better of the…

A: In finance managers are agents who are appointed by the owners of a company. The stakeholders are…

Q: Explain professional corporation (PC)?

A: Professional Corporation An entity that is composed of the professionals of specific types that are…

Q: definition of business ethics?

A: Answer: Concept: Business ethics is also known as professional ethics.

Q: What is the purpose of organizations and why do they exist?

A: The organization  is a process that  involves the people , their strong commitment  and efforts to…

Q: Who are the parties involved in consulting services? Explain.

A: Consulting business is the type of business which falls within the category of the services business…

Q: What is an agency problem?

A: Agency problems also known as principal-agent problems  are conflicts of interest between managers…

Q: How do Input controls affect management's assertions with respect to the financial statements?

A: Management assertions seem to be statements made by management personnel about certain features of a…

Q: 1. How does internal control impart on the achievement of organization’s goals? 2. Why risk…

A: ‘’Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: ways on how to avoid conflict of interest in an organization.

A: Conflict of interest in an organization arises when the management and the employees do no share…

Q: What is a customer loyalty program, and how is such a program accounted for?

A: Customer loyalty program: A customer loyalty program is a program run by a company that offers…

Q: What are management's and auditors' relative internal control responsibilities

A: Introduction:Management establishes internal controls. To preserve the integrity of the financial…

Q: What can be done by a business to mitigate: Execution risk Technology risk Reputation risk…

A: Risk management  Risk management is the identification, evaluation, and prioritization of risks…

Q: How does the ESKOM operate and what is its competitive strategy?

A: ESKOM is a South African power utility company responsible for generating, transmitting and…

Q: Why is ethical behavior important to business?

A: Ethics: Ethics is a system of acceptable beliefs to control behavior and activities that are…

Q: what advice should the controller give the management?

A: Variance in income statement A deviation in accounting is the discrepancy between a planned,…