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part-1 Writing Assignment Instructions: Chapter 4 covers internal controls and ethics. It is...

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Accounting

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part-1
Writing Assignment Instructions: Chapter 4 covers internal controls and ethics. It is important for business students to understand the role of internal controls in the business environment and to develop an ethical decision-making model and a sense of good ethical behavior. This assignment is intended to help you progress toward this Coles College objective: Discuss and explain the role of ethics and values in the business environment and describe how accounting processes and procedures may impact and be impacted by ethics and values. Part 1 - Internal Control Describe what an internal control is. Provide three examples of organizations in which you, personally, have observed internal controls being followed - or not followed. Tell whether you think these organizations have strong or weak internal control systems. Explain why you think each organization does or does not have strong internal controls. Include your thoughts about the importance of every employee's contribution to the control environment

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