The company was supposed to be Paradigm Enterprises Private Limited. This is what we had agreed on and started using it manufacturing our freezits from those 20ltres bucket freezit making machines. Yes, we started off from there though we later grew to having those automated and faster machines. Our uniforms and packaging materials were well […]
We lost considerably on that name, anyway we learnt the lesson. Read More »
Even if you have your wife, brother, sister or son on key positions within the organisation, that should never be a substitute for effective internal controls. These are mere human beings capable of conniving and being convinced otherwise. What maintains and locks in your value are strong and effective internal controls. Controls assist on the
Employing relatives is never a substitute for internal controls Read More »
It is incumbent upon the management of any organisation to make sure all the assets, liabilities and transactions are secure, complete and well cast. Failure to have this in place will result in uncalled loss of value, profitability and stakeholder trust. This is achieved through deliberate deployment of internal control systems which are well structured,
Janet opened her big grocery shop in Chitungwiza from her farewell package. As someone who was a bit informed bought four POS (Point of Sale) machines to make the invoicing easy as she anticipated high traffic on her busy shop location. The location proved busy and her daily sales were so encouraging. She had a
PHYSICALLY COUNT THEM OR ELSE… Read More »
Internal Control is a process, affected by an entity’s board of directors (trustees), management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives (COSO). Internal Controls include a wide range of activities that occur throughout the organization, by supervisory and front line personnel. Typically, management is responsible for developing an appropriate
You’ll not achieve your organisational objectives without strong Internal Controls Read More »
