Sample content Justification for an Internal Control System ACC/544 In reply to administration request for more information, our group has confirmed the justified reason for an internal control method is convincing. Even though controls are set up depending on the insurance and portfolio risk management methods, the advantages obtained by applying an internal control method are higher. A debate of the applicability of both insurance and portfolio methods is incorporated down below together with a description and explanation of advantages related to an internal control method dependent plan. Insurance and Portfolio Approach Validity Initially, a person describes the company perception of risk management like the recognition, assessment, and future prioritization of risks and then efficient and effective resolution actions so as to decrease, watch, and manage the possibility and/or influence of economic activities (Raval & Fichadia, 2007). Two strategic methods of reducing recognized risks currently utilized by our organization are the insurance and portfolio methods; each and every offer a logical remedy to handling these types of risks. Our insurance method to risk management uses precise insurance plans in order to minimize risks usual to most companies for example the protecting of assets because of risks of fire, flooding, or thievery as well as mishap li

1. ACC 544 Week 2 Justification for an Internal Control System
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Sample content
Justification for an Internal Control System
ACC/544

2. In reply to administration request for more information, our group has confirmed
the justified reason for an internal control method is convincing. Even though
controls are set up depending on the insurance and portfolio risk management
methods, the advantages obtained by applying an internal control method are
higher. A debate of the applicability of both insurance and portfolio methods is
incorporated down below together with a description and explanation of
advantages related to an internal control method dependent plan.
Insurance and Portfolio Approach Validity
Initially, a person describes the company perception of risk management like the
recognition, assessment, and future prioritization of risks and then efficient and
effective resolution actions so as to decrease, watch, and manage the possibility
and/or influence of economic activities (Raval & Fichadia, 2007). Two
strategic methods of reducing recognized risks currently utilized by our
organization are the insurance and portfolio methods; each and every offer a
logical remedy to handling these types of risks. Our insurance method to risk
management uses precise insurance plans in order to minimize risks usual to most
companies for example the protecting of assets because of risks of fire, flooding, or
thievery as well as mishap li
http://uopexam.com/product/acc-544-week-2-justification-for-an-internal-control-system/