Studying and improving internal controls at HPC

Singh, Seerat and France, Adrian (2018) Studying and improving internal controls at HPC. Applied Management Conference, Hamilton, New Zealand, July, 2018.

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Abstract or Summary

Hamilton Pistol Club (HPC) is a club that focuses on shooting sports. The club comprises 13 committee members and around 350 non-committee members. The club committee is responsible for running the club, while the other members sometimes partake in the upkeep of the club by volunteering to do so. Auditors have for several years in a row pointed out the club’s weakness in internal controls, especially those related to cash handling. This study will therefore identify and suggest the implementation and improvement of the necessary controls. This is essential to the club, as it wants to grow and most importantly to avoid being defrauded or to mismanage funds. To study the controls, the committee was interviewed and members surveyed. The study has shown that the club needs to have a better method of recording its assets and a more modern way to do its accounting. The audit process is also responsible for the audit opinion received and it would help to have staff that are more skilled.

Item Type:Paper presented at a conference, workshop or other event, and published in the proceedings
Keywords that describe the item:gun industry, business, internal controls
Subjects:H Social Sciences > HF Commerce
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:6253
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Deposited On:26 Nov 2018 01:14
Last Modified:19 Dec 2018 23:40

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