Internal Control Essay

examination 1a) Select two companies where inadequate intimate cover do resulted in disastrous effects on the organisation or heart-to-heart it to heavy losses.Research the facts of the failure and insure on the facts and the losses suffered. In your report, include suggestions for changes to operations (internal controls) that could find prevented the final outcome. Where could you find a call of these internal controls and how are they documented?Examples of companies includeColes Myer Ltd and the Yannon affairBarings Bank (1995)AWA character reference (1992)Integral Energy (2003)Australian Museum-theft of zoological specimens (2003)Argonaut Resources (2011)Each report should be about(predicate) no longer than 1 pageboy in length. Two reports required.b) Select two companies that have experienced recent bodied governance failures.Research the facts of the failure and report on the facts and the losses suffered. In your report, give suggestions on the Corporate nerve pri nciples that should be implemented and that could have prevented the failure.Examples of companies includeABC Learning (2008)Storm Financial (2009)Strathfield (2009)One-TelHIHIndependent indemnity (UK)Commander Communications (2008)EzyDVD (2009)Clive PetersBeechwood HomesAustralian Discount Retail (Crazy Clarks, Go-Lo, surface-to-air missiles Warehouse) (2009) Queensland Health Department (2011)Parmalat (Italy)Each report should be about no longer than 1 page in length. Two reports required. incertitude 2a) In your own words explain Internal image within an organisation, and state the major objectives of a system of internal control to management?b) List and briefly explain the five components of an entitys internal control structure.Question 3a) Define Corporate Governance and its natural covering in the corporate world and discuss the need for Corporate Governance.b) nip up the Annual Reports for two of the following companies and comment on the appearance, structure, content , and service program of the Corporate Governance and Sustainability section of the report. How does it meet the current principles of Corporate Governance?Companies includeBanks ANZ, CBA, NAB, Westpac, BendigoResources BHP, RIO Tinto, Woodside, SantosFinancial services Macquarie Group, Perpetual, QBEHealth care Sonic, Resmed, CSLRetail Woolworths, Wesfarmers, Metcash, Harvey NormanProperty Centro, Stockland, Westfield Property Trust, WRTFamily business Westfield, Harvey Norman, News CorporationInteresting Fairfax, mob Hardie, Qantas, TelstraYour report should be about no longer than 1 page in length. Two reports required.