Corporate failure a case study of finance company failure for not following internal control system / Mongis Mangir

Corporate failure are everywhere in the world - and quite often we heard business corporation suffered losses because of mismanagement. In this project paper, I like to share my experience about a credit company incurred losses primarily because the top management failed to appropriately managed the internal control system. Financial statement has been a very useful tool to evaluate the strength of a company. However financial analysis can hardly evaluate how effective management managed the internal control system of the company. Thus shareholders and investors who are in the dark about the internal affairs of the company become the potential victim of mismanagement. It is hoped that the findings in this paper could be beneficial to the potential future managers in their managerial approach.