Difference between revisions of "Internal audit system"
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== IGC-DEFINITION == | == IGC-DEFINITION == | ||
| − | '''Internal audit system | + | '''Internal audit system'''<br> |
The internal audit system is the sum of all policies and procedures arranged by the organs of the company (supervisory board / board of directors / management board) that guarantee an orderly and efficient management, the protection of assets, the prevention or detection of tortious acts and errors, the accuracy and completeness of the records of management accounting and the timely preparation of reliable financial information. Companies are required to operate an internal audit system by numerous legal requirements e.g. KonTraG, Sarbanes-Oxley Act (SOX). | The internal audit system is the sum of all policies and procedures arranged by the organs of the company (supervisory board / board of directors / management board) that guarantee an orderly and efficient management, the protection of assets, the prevention or detection of tortious acts and errors, the accuracy and completeness of the records of management accounting and the timely preparation of reliable financial information. Companies are required to operate an internal audit system by numerous legal requirements e.g. KonTraG, Sarbanes-Oxley Act (SOX). | ||
| − | We conclude therefore that neither can the internal audit system be part of the | + | We conclude therefore that neither can the internal audit system be part of the controller service, because it has to monitor the service’s compliance with the mentioned principles and procedures, nor may the controller be part of the internal audit, because he practices future-oriented management support. |
from: [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)] | from: [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)] | ||
| + | |||
== Source == | == Source == | ||
[http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010] | [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010] | ||
| + | |||
| + | == Awakening Our Collaborative Spirit == | ||
| + | |||
| + | The physicist, David Bohm, while researching the lives of Einstein, Heisenberg, Pauli and Bohr, made a remarkable observation. Bohm noticed that their incredible breakthroughs took place through simple, open and honest conversation. He observed, for instance, that Einstein and his colleagues spent years freely meeting and conversing with each other. | ||
| + | |||
| + | [[http://goodvillenews.com/Awakening-Our-Collaborative-Spirit-AjXaD8.html Awakening Our Collaborative Spirit]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == Love Everything, Be Attached To Nothing == | ||
| + | |||
| + | As human beings we all want to be happy and free from misery we have learned that the key to happiness is inner peace. The greatest obstacles to inner peace are disturbing emotions such as anger, attachment, fear and suspicion, while love and compassion and a sense of universal responsibility are the sources of peace and happiness. Dalai Lama | ||
| + | |||
| + | [[http://goodvillenews.com/Love-Everything-Be-Attached-To-Nothing-RSJu6i.html Love Everything, Be Attached To Nothing]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == A Bicycle Nomad Prepares for Re-entry == | ||
| + | |||
| + | In 2010, Manjula Martin and her partner set out to see the world the old-fashioned way: by bicycle. With little money, no itinerary, gadgets or training, they traversed five countries and 3,500 miles and discovered a world filled with generosity. In this article, Manjula Martin describes the transition from bike to home with four rules for re-entry that are strikingly authentic, grounded, and universal. | ||
| + | |||
| + | [[http://goodvillenews.com/A-Bicycle-Nomad-Prepares-for-Re-entry-S6sLCO.html A Bicycle Nomad Prepares for Re-entry]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == The Art of Motivating Employees == | ||
| + | |||
| + | Could a simple five-minute interaction with another person dramatically increase your weekly productivity?In some employment environments, the answer is yes, according to Wharton management professor Adam Grant. Grant has devoted significant chunks of his professional career to examining what motivates workers in settings that range from call centers and mail-order pharmacies to swimming pool lifeguard squads. | ||
| + | |||
| + | [[http://goodvillenews.com/The-Art-of-Motivating-Employees-oTveQ5.html The Art of Motivating Employees]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
| + | |||
| + | == The Power of Words and Emotional Bonding! == | ||
| + | |||
| + | If you become steadfast in your abstentions of thoughts of harm directed toward others, all living creatures will cease to feel enmity in your presence. PatanjaliWords have power, incredible power, and this power lies in each and every one of us. Of course, its up to us to use this power for the greater good of all or not. | ||
| + | |||
| + | [[http://goodvillenews.com/The-Power-of-Words-and-Emotional-Bonding-2wgncv.html The Power of Words and Emotional Bonding!]] | ||
| + | |||
| + | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
Latest revision as of 03:50, 10 August 2012
Contents
IGC-DEFINITION
Internal audit system
The internal audit system is the sum of all policies and procedures arranged by the organs of the company (supervisory board / board of directors / management board) that guarantee an orderly and efficient management, the protection of assets, the prevention or detection of tortious acts and errors, the accuracy and completeness of the records of management accounting and the timely preparation of reliable financial information. Companies are required to operate an internal audit system by numerous legal requirements e.g. KonTraG, Sarbanes-Oxley Act (SOX).
We conclude therefore that neither can the internal audit system be part of the controller service, because it has to monitor the service’s compliance with the mentioned principles and procedures, nor may the controller be part of the internal audit, because he practices future-oriented management support.
from: IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)
Source
Awakening Our Collaborative Spirit
The physicist, David Bohm, while researching the lives of Einstein, Heisenberg, Pauli and Bohr, made a remarkable observation. Bohm noticed that their incredible breakthroughs took place through simple, open and honest conversation. He observed, for instance, that Einstein and his colleagues spent years freely meeting and conversing with each other.
[Awakening Our Collaborative Spirit]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
Love Everything, Be Attached To Nothing
As human beings we all want to be happy and free from misery we have learned that the key to happiness is inner peace. The greatest obstacles to inner peace are disturbing emotions such as anger, attachment, fear and suspicion, while love and compassion and a sense of universal responsibility are the sources of peace and happiness. Dalai Lama
[Love Everything, Be Attached To Nothing]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
A Bicycle Nomad Prepares for Re-entry
In 2010, Manjula Martin and her partner set out to see the world the old-fashioned way: by bicycle. With little money, no itinerary, gadgets or training, they traversed five countries and 3,500 miles and discovered a world filled with generosity. In this article, Manjula Martin describes the transition from bike to home with four rules for re-entry that are strikingly authentic, grounded, and universal.
[A Bicycle Nomad Prepares for Re-entry]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
The Art of Motivating Employees
Could a simple five-minute interaction with another person dramatically increase your weekly productivity?In some employment environments, the answer is yes, according to Wharton management professor Adam Grant. Grant has devoted significant chunks of his professional career to examining what motivates workers in settings that range from call centers and mail-order pharmacies to swimming pool lifeguard squads.
[The Art of Motivating Employees]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
The Power of Words and Emotional Bonding!
If you become steadfast in your abstentions of thoughts of harm directed toward others, all living creatures will cease to feel enmity in your presence. PatanjaliWords have power, incredible power, and this power lies in each and every one of us. Of course, its up to us to use this power for the greater good of all or not.
[The Power of Words and Emotional Bonding!]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
