The keys to control

Article Abstract:

Corporate control systems should be changed to reflect new management methods like total quality, empowerment and flexibility. The Criteria of Control Committee of the Canadian Institute of Chartered Accountants has produced quidelines for introducing new control systems that incroporate the concepts of simple policies, flexible rules, adaptability and the involvement of the whole orgiansation. Control should enable the organisation to function effectively, ensure consistently high quality and enable employees to use their own skills, judgement and creativity. It requires commitment from all levels but accountants can provide expertese and tools to design and monitor systems.

Management, Corporations, Management information systems, Control systems, Managerial accounting

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Good governance

Article Abstract:

The Canadian Institute of Chartered Accountants has issued guidelines which specify the roles of directors in the control of the organization. It indicates the information required, the questions to be asked and how directors can evaluate the board's capability to control. The guidelines are applicable for all components of the economy, whether they are private, public, non-profit or government agencies.

Corporate directors, Corporate governance

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Guidance on control

Article Abstract:

The Criteria of Control Board has published 'Guidance on Control' for chartered accountants. CEOs have found the guidance useful in evaluating control in the company. Several issues concerning the guidance were pointed out to improve the document. These include the guide's authoritativeness, its broad application extended to nonfinancial entities and more clarification on the role of directors.

Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Accounting and auditing, Quality control, Accountants

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