W3 Interal Controls

W3 Interal Controls - Internal Controls Paper 1 Internal...

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Internal Controls Paper Internal Controls Paper Brandi Murobayashi ACC 210 September 5, 2010 Mike Wells 1
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Internal Controls Paper Internal Controls Paper An internal control system is implemented within an organization to safe guard assets, to check the accuracy and reliability of accounting data, to promote operational efficiency and to encourage adherence to prescribed managerial policies (Bagranoff, Simkin, & Norman, 2008). In this paper I will look at Google’s internal control procedures, managers and auditors position on internal controls, and major system concerns. Google is a leading web search and advertising corporation. Google is one of the top websites and one of the most recognized brands in the world. Their focus is on “improving the ways people connect with information” (Google, n.d.). Their web search engine provides users with free access to relevant information with the click of a mouse. In 2009, 97% of Google’s revenue came from advertising. Companies use their AdWords program to advertise their products or services. Third-party websites also use their AdSense program to advertise ads targeted toward the user (Google, n.d.). Google is a publicly traded company owned by its shareholders; because the money belongs to the shareholders Google has to make sure that their money is spent appropriately. Google has a set of internal controls that regulate expenses, hiring new vendors, new business contracts, entering deals, and financial reporting (Google, n.d.). According to Google (2010), one of their core values is “to spend money wisely” 2
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Internal Controls Paper (VI. Ensure Financial Integrity and Responsibility, para. 4). Google makes sure that every expense is reasonable, company related, and supported by relevant documentation. For example, if an employee has lunch with someone, he or she is required to record the
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W3 Interal Controls - Internal Controls Paper 1 Internal...

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