Recent advances in anatomy /
editor, M.C. Vaidya.
Delhi : Macmillan India, 1989.
xvi, 272 p. : ill. ; 25 cm.
0333929365 :
More Details
added author
Delhi : Macmillan India, 1989.
0333929365 :
general note
"The first Afro Asia Oceania Congress of Anatomists was held at New Delhi in August-September 1988"--Jkt.
Copyright: Afro-Asia Oceania Association of Anatomists.
Includes index.
catalogue key
Includes bibliographical references.
A Look Inside
Review Quotes
He gives useful advice for any company looking to set up an internal control system or improve an existing one. -Strategic Finance, Bernard Boona
This item was reviewed in:
Reference & Research Book News, November 2001
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Description for Bookstore
Dimitris N. Chorafas defines both auditing and internal control, and explains the value of internal control, why it must be audited, and how it can be most effectively achieved. He addresses top management's accountability for internal control and uses case studies to demonstrate the application of such systems, as well as the importance of sound analysis of the information gathered. Based on an extensive research project in the UK, US, and continental Europe, this book is an invaluable source of practical advice for implementing internal control systems and making existing systems more efficient.
Bowker Data Service Summary
Explaining the value of internal control, why it must be audited and how this can be most effectively achieved, this text examines internal control systems from within the context of the globalisation of financial markets, under the impact of IT.
Table of Contents
List of Figuresp. xi
List of Tablesp. xv
Prefacep. xvi
Acknowledgementsp. xxi
List of Abbreviations and Acronymsp. xxii
Why Internal Control Systems Must be Audited
The Role of Auditing in an Organizationp. 3
Introductionp. 3
Auditing Definedp. 5
Auditing as an Indispensable Element of a Management Systemp. 8
Senior Management Responsibilities in Connection with Auditing and Internal Controlsp. 12
Value-Added Services to be Provided by Auditingp. 16
The Role of an Independent Auditing Committee and the Contribution of the Treadway Commissionp. 21
Good Practice Guidelines Regarding Auditing Committee Functions and Responsibilitiesp. 24
What is Meant by 'Internal Control'?p. 28
Introductionp. 28
'Internal Control' Definedp. 30
What Constitutes a Sound Internal Control Policy?p. 34
Steps in Implementing an Internal Control Systemp. 36
Improving the Status of Internal Control in Business and Industryp. 40
What Is Meant by a 'Rigorous Internal Control Solution'?p. 43
A Practical Example with Internal Control Approaches to Operational Riskp. 47
Definitions of Internal Control by AICPA, Basle Committee, EMI, IIA, and COSOp. 51
Internal Control and the Globalization of Financial Marketsp. 54
Introductionp. 54
The Impact of Globalization on Internal Controlp. 55
Regulators Look at Internal Control as a Foundation of Sound Managementp. 58
Important Differences Between Accounting Systems Handicap Global Internal Control and Auditingp. 62
Internal Control Deficiencies, Conflicts of Interest, and the Massaging of Accounting Datap. 65
A Threat Curve Which Addresses Our Problems and Their Likelihoodp. 78
New Standards for Auditing Internal Control and the Use of Risk-Based Auditsp. 83
Introductionp. 83
Auditing Responsibilities Prescribed by Securities Lawsp. 85
Agency Costs and the Impairment of Assetsp. 87
Using a Company's Cash Flow for Auditing Reasonsp. 91
The Concept Underpinning Risk-Based Auditingp. 95
Authority and Responsibility for Risk-Based Auditing Solutionsp. 98
Paying Attention to Information Requirements for Risk-Based Auditingp. 101
A Methodology for Auditing the Internal Control Systemp. 105
Introductionp. 105
Discovery is the First Major Step of a Valid Auditing Methodologyp. 106
Auditing Strengths and Weaknesses of an Internal Control System: An Example From a Money Centre Bankp. 110
The Methods of Internal Control Resemble Those of Military Intelligencep. 114
Internal Control Intelligence and the Calculation of Assumed Exposurep. 118
Internal Control Intelligence and Dynamic Computing of Capital Requirementsp. 123
Synergy Necessary Between Business Units to Make Internal Control a Realityp. 127
Management Appraisal of and Accountability for the Internal Control System
Senior Management Responsibilities For Internal Controlp. 133
Introductionp. 133
Legal Reasons Why Internal Control Must be Managedp. 134
Effective Internal Control Requires Trustworthy Peoplep. 140
Internal Control, Product Review, and Risk Assumptionsp. 144
Senior Management Cannot Delegate its Accountability for Internal Controlp. 148
Restructuring is a Critical Element of Financial Innovationp. 152
Beware of Creative Accounting: it is Poison to Internal Controlp. 155
Internal Control Implementation Must Focus on Core Functionsp. 159
Introductionp. 159
Which are the Core Functions of a Financial Institution?p. 160
A Polyvalent Approach to the Implementation of Internal Control: the Commission Bancaire Directivesp. 163
Why Both a priori and a posteriori Studies Improve Internal Controlp. 165
Do We Need a Separate Department to Look After Compliance? The Case of Two Swiss Banksp. 172
Management Intent: Its Impact on Internal Discipline and Financial Reportingp. 176
New Rules of Competition and the Need for Market Disciplinep. 182
Establishing an Efficient Internal Control Structurep. 185
Introductionp. 185
Organizational Solutions for Internal Control at Edward Jonesp. 187
The Process of Internal Control and the Prerequisites for Risk Managementp. 190
Commercial Risk, Financial Risk, and the Tuning of Internal Controlp. 193
Should We Analyze the Behavioural Pattern of Our Traders?p. 196
Developing and Using a System of Internal Margin Callsp. 202
Internal Controls Should Highlight Information Technology Failuresp. 206
Case Studies on the Implementation of Internal Control
Applying Internal Control to Our Institution's Limits Systemp. 213
Introductionp. 213
Limits, Marking-to-Market, and the Contribution of Internal Controlp. 214
Internal Control and the Role of Benchmarksp. 219
Answers by Leading Institutions to an Internal Controls and Limits Questionnairep. 221
Setting Limits is a Business Requiring Know-how and Imaginationp. 225
The Study of Internal Controls by the European Monetary Institutep. 228
Advance Notice Can Help in Limiting Future Loss Through Repositioningp. 231
Auditing Counterparty Limits and Trading Limitsp. 235
Introductionp. 235
Internal Controls and Dynamic Limits Managementp. 236
The Role of Auditing in Controlling the Calculation of Prices and Risk Premiumsp. 241
Internal Controls, Leveraging, and the Evaluation of Risk and Returnp. 245
Should Internal Controls Reflect a Portfolio's Diversification?p. 250
Internal Controls and Limits for Equity Tradingp. 254
Examining and Implementing Limits in Currency Positionsp. 258
An Internal Control System for Engineering Design, Product Development, and Quality Assurancep. 262
Introductionp. 262
Long-Termism and Short-Termism in RandDp. 263
A Methodology for Internal Control Applied to Engineering Designp. 268
Internal Control's Contribution to the Project Manager's Jobp. 271
Internal Control for Prototypes and for Measurements Connected with Different Projectsp. 276
Design Reviews are Essentially a Process of Rigorous Auditingp. 280
An Infrastructure for Quality Assurancep. 284
Services Provided by Information Technology to the Auditing of Internal Controlsp. 289
Introductionp. 289
Positioning Our Institution to Profit From the Fact that Banking is Information in Motionp. 292
The Use of Advanced Technology is not a Fad but an Obligationp. 294
Online Banking and the Auditing of Financial Operationsp. 299
The Effective Use of Information Technology for Internal Controlp. 304
The Regulators Emphasize the Need to Use Technology in an Able Mannerp. 308
Why Auditing Increasingly Depends on Computer Systemsp. 310
The Contribution of External Auditors to the Internal Control Systemp. 314
Introductionp. 314
Value-Added Duties Beyond Those Classically Performed by External Auditorsp. 315
What Should be Expected from Auditing Internal Controls by External Auditors?p. 319
Are Central Bank Examiners Better Positioned in Studying the Effectiveness of Internal Controls?p. 323
The Concept Behind Outsourcing Internal Auditing and Other Dutiesp. 327
A Closer Look at Outsourcing Internal Auditing, its 'Pluses' and 'Minuses'p. 330
Liabilities Which Might Come the Way of External Auditorsp. 334
Bibliographyp. 337
Appendix of Participating Organizationsp. 339
Indexp. 359
Table of Contents provided by Syndetics. All Rights Reserved.

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