INTERNAL CONTROLS IMPORTANCE AND ESSENTIAL FEATURES OF INTERNAL CONTROLS | ACCA F8 ICAN ICAG GJA

HOW INTERNAL CONTROLS PROVIDES MANAGEMENT WITH REASONABLE ASSURANCE THAT GOALS AND OBJECTIVES IT BELIEVES ARE IMPORTANT TO THE COMPANY, WHICH ARE EQUALLY IMPORTANT TO THE AUDITOR, WILL BE MET . THEY PREVENT ERRORS AND FRAUDS OR MATERIAL MISSTATEMENT
B. THEY DETECT ERRORS AND FRAUDS OR MATERIAL MISSTATEMENT.
C. THEY ENSURE COMPLETE AND ADEQUATE RECORDING OF TRANSACTIONS.
D. THEY ENSURE THAT ALL RECORDED TRANSACTIONS ARE REAL, PROPERLY VALUED, RELATED TO THE CORRECT PERIOD, PROPERLY CLASSIFIED, CORRECTLY AUTHORIZED AND POSTED.
E. THEY HELP TO ENSURE RELIABLE FINANCIAL REPORTING AND COMPLIANCE WITH RELEVANT LAWS, REGULATIONS AND STANDARDS.
F. THEY PROVIDE MANAGEMENT WITH REASONABLE ASSURANCE THAT GOALS AND OBJECTIVES IT BELIEVES ARE IMPORTANT TO THE COMPANY, WHICH ARE EQUALLY IMPORTANT TO THE AUDITOR, WILL BE MET .INTERNAL CONTROLS OBJECTIVES AND ESSENTIAL FEATURES OF INTERNAL CONTROLS
SCOPE AND COMPONENTS OF INTERNAL CONTROL SYSTEM
AUDIT AND ASSURANCE
THE CONTROL ENVIRONMENT
RISK ASSESSMENT
CONTROL PROCEDURES
INFORMATION AND COMMUNICATION SYSTEM
MONITORING
INTERNAL CONTROLS AND THEIR INHERENT LIMITATIONS
FACTORS THAT DETERMINE THE SUCCESS OF AN INTERNAL CONTROL SYSTEM
ASCERTAINING THE SYSTEM OF CONTROLS
METHODS OF RECORDING THE SYSTEM OF CONTROLS
EVALUATING THE INTERNAL CONTROL SYSTEM
KEY CONTROL RISK AREAS
REPORTING ON INTERNAL CONTROL TO MANAGEMENT
INTERNAL AUDIT AS A CONTROL FACTOR #gja #control
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IN THIS VIDEO, GBENGA OLATUNJI OF GJAMES ASSOCIATES EXPLAINS CA EXAMES TOPICS & HOW TO PASS SUCCESS TIPS
CPA | ACCA| ICAEW | CA EXAMS| ICAG | ICAN | | MIPA|CFI|ICMAB|PICPA|IFA|ICASL|ICAB|CAANZ|CIMA|CIPFA|AAT|AICPA|AIA|ANAN|BICA|CGA| ATSWA| CIMA | CA ANZ | CAI | ICAM | IAI | ISCA | CAEW | ICAB | ICAI | ICAP | ICAS |CA SRI LANKA | ICAZ |SDAICA |ZICA
THIS VIDEO IS CERTAINLY FOR STUDENTS PREPARING FOR THE ICAN PROFESSIONAL LEVEL EXAMINATION (STUDENTS OF THE INSTITUTE OF CHARTERED ACCOUNTANTS NIGERIA(ICAN)) STUDYING CSME, CORPORATE STRATEGY, MANAGEMENT AND ETHICS, GOVERNANCE AND BUSINESS MANAGEMENT AND INFORMATION SYSTEMS, FR, FA, CR ETC.

GBENGA OLATUNJI IS A TRAINED AND CERTIFIED LECTURER WITH MANY YEARS OF EXPERIENCE BOTH IN THE CORPORATE WORLD AND THE EDUCATION INDUSTRY. HE IS THE MANAGING PARTNER AT GBENGA OLATUNJI & CO. AND TRAINING PARTNER, GJAMES ASSOCIATES, A PUBLISHED AUTHOR OF TWO (2) LIFE ENHANCING BOOKS. THE GIFT: YOUR REWARDING WAY TO FULFILMENT AND RELEVANCE AND YOU ARE PRECIOUS: KNOWING YOUR TRUE SELF
THE OBJECTIVE OF THIS COURSE IS TO TURN YOU INTO A BUSINESS STRATEGIST AND FUNCTION AT THE MANAGEMENT AND EXECUTIVE LEVEL OF BUSINESS ORGANISATIONS. ALSO, PASSING YOUR ICAN EXAMS AND ALL CHARTERED ACCOUNTANTS EXAMS WITH EASE
FOR YOUR IN HOUSE TRAINING, BUSINESS AND PERSONAL ADVISORY SERVICES
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