Business owners to teaching material of language of answer: control abuse of company, company should set up a policy, maintain appropriate records, key employees to ensure that the assets and bonds; Finally from the custody assets record alone.
Recommendation: a business should ensure that its correct operation records, and regularly audit, to ensure everything is correct. Employees should keep again under the rules and regulations, not to steal.
Question 2: financial or business control to protect company from corruption?
Business owners, such as the manager of the company leadership should not bribe to get regulatory approval means that products such as the shortcut. Enterprise should make sure that it pay tax at the right time and amount.
Business owners to teaching material of language of answer: graft and corruption plan account for 13% of professional cheats. Business success is critical to control cash. Should practice, there is no room to make sure that all internal control corruption
Recommendation: internal control applications such as appropriate technology control and execution and independent review should take on a regular basis. This is done to show any sign of the corruption.
Question 3: financial or business control to protect company from false financial statements?
Business owners: access to financial assets and information, including accounting system limitation, carefully controlled. The task of financial reporting is not just one task. Therefore, sharing obligations. The responsibility division between the management team.
Business owners into language teaching: financial control to protect company from fraud financial statements include the financial records of responsibility to share the responsibility. Access to relevant financial information and control should be limited.
Advice/description: all relevant financial information should be handled with care all the time to ensure that business to expose fraud.
Question 4: what did you do any background investigation, including criminal and drug test your employees, especially those who handle cash? They are bonded?
Business owners: the only check completed staff is just background information, they have been working, the referee said information from CVs. There is no other such as drug background investigation.
Business owners into teaching material of language: employees should be in their criminal background checks and any information likely to show that their use of drugs. Information can be displayed on how best to deal with the issues of employees and business whether can trust their financial situation.
Advice/description: criminal record and drugs should check employees, so that business can know people in it.
Question 5: what do you have a risk management professional access to your strengths and weaknesses in the field of business, including insurance knight to protect your business for this type of loss.
Business owner: business sometimes hires experts to check the performance of the business, suggest put more effort to maximize revenue.
Business owners into teaching material of language: business should conduct regular audit, its operation and records, to ensure that everything is according to the business ethics and according to the laws of the state. The audit company can also provide advice on where to put more money.
Recommend/description: enterprise should employ the advantages and disadvantages of the professional advice.
Question 6: how often do you have the external accounting firm in a tax year to review your book? These audit finish?
Business owner: business books outside of certified public accountants audit the audit once a year. Hire potential audit firm audit completed.
Business owners into teaching material of language: law requires all enterprises have the book of account review at least once a year. Enterprises should not audit itself, but it should hire outside certified public accountants audit book.
Advice/explanation: accounting books shall check in accordance with the law, to ensure that no abuse and corruption in business
Question 7: student work
Business owner: fraud stealing commercial personal benefits. Can fraud by employees or by third parties. The assets of the business internal control is the implementation of maintenance, maintain data accuracy and completeness, promote the efficiency.
Business owners into teaching material of language: fraud is theft, concealment, other people's money into their personal interests. Internal control's main goal is to safeguard assets, maintain data accuracy, promote the efficiency of the business.
Recommend/description: business should be check regularly checks fraud, its operations and to ensure the implementation of internal control can resist any fraud, abuse and corruption.