What two aspects of internal control must the auditor assess when performing procedures to obtain an understanding
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
When obtaining an understanding of internal control the ...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted:
Students also viewed these Auditing questions
-
What two aspects of internal control must management assess when reporting on internal control to comply with Section 404 of the Sarbanes-Oxley Act?
-
What two aspects of a companys profitability are measured by profitability ratios?
-
Assume that, when conducting procedures to obtain an understanding of Denton Seed Companys internal controls, you checked No to the following internal control questionnaire items: Does access to...
-
In Exercises determine whether Rolle's Theorem can be applied to on the closed interval [a, b]. If Rolle's Theorem can be applied, find all values of c in the open interval (a, b) such that '(c) =...
-
In each case use the given LU-decomposition of A to solve the system AX = B by finding Y such that LY = B, and then X such that UX = Y: (a) (b) 200 10-1 -2 -1 21 1000 0 2 00 O1 0 1 1-10 00 1-2-1 -1...
-
Factory overhead cost and production data for a firm for a year were as follows: Actual Variable cost- $90,000 Fixed cost- $205,000 Machine Hours- 20,000 Budget Variable cost-$95,000 Fixed cost-...
-
In early 2006, Henry Silverman, chairman and CEO of Cendant Corporation, announced that the companys board of directors had approved the de-merger of Cendant into four operating companiesAvis Budget...
-
You have been hired as a consultant to Kulpa Fishing Supplies (KFS), a company that is seeking to increase its value. The companys CEO and founder, Mia Kulpa, has asked you to estimate the value of...
-
One of the big differences between a government agency and a private business is that government agencies are overseen by elected officials. Constituents elect representatives based on who they feel...
-
1. Data on the amount of the customers' shopping by using an account card and whether they decided to upgrade their account from silver status to platinum status after receiving the upgrade offer is...
-
Describe the four phases performed by the auditor when obtaining an understanding of internal control and assessing control risk.
-
What is a walkthrough of internal control? What is its purpose?
-
We have been told that some managers under you want an ERP because it would greatly improve the performance of the Finance Department. For example, you could reduce the time to close your books at...
-
Question 3 Comprehensive Manufacturing Budget (20 marks) On your return from China you will undertake a 3 month secondment to wholly-owned subsidiary DairyCo based at their Australian Head Office in...
-
we looked at the Quicksort algorithm. Consider the worst-case scenario for quick- sort in which the worst possible pivot is chosen (the smallest or largest value in the array). Answer the following...
-
Find five self-empowerment tips on Google and cite the source in the response and at the end on Reference. Then, add your own self-empowerment tip. How can these tips help you with your personal and...
-
Oleg Corporation has a beta of 1.2. The market risk premium is 4.7% and the risk-free rate is 4.2%. Using the CAPM approach, what is Oleg's cost of retained earnings?
-
A project that will provde annual cash flows of $3,000 for nine years costs $10,000 today. a. At a required return of 10 percent, what is the NPV of the project? b. At a required return of 28...
-
Naomi owns 1,000 shares of Nordstrom Corp. common stock which she purchased for \(\$ 40,000\) and later receives a nontaxable preferred stock dividend of 200 shares of Nordstrom preferred stock when...
-
According during to the IRS, individuals filing federal income tax returns prior to March 31 received an average refund of $1,088 in 2018. Consider the population of "last-minute" filers who mail...
-
How do I determine how much memory is available for my Java programs?
-
Anthony Liu, CPA, prepared the flowchart on the next page that portrays the raw materials purchasing function of one of Anthonys clients, Medium-Sized Manufacturing Company, from the preparation of...
-
AU-C 265, Communicating Internal Control Related Matters Identified in an Audit, provides guidance to auditors on communicating deficiencies in internal control to management and those charged with...
-
Section 404(a) of the SarbanesOxley Act requires management of a public company to issue a report on internal control over financial reporting (ICOFR) as of the end of the companys fiscal year. Visit...
-
Debits Credits Cash $ 332,000 Customer accounts receivable 201,200 Allowance for uncollectible accounts $ 30,200 Materials and supplies 120,800 Restricted assets (cash) 252,000 Utility plant in...
-
Consigue el organigrama (mapa de conceptos) de la estructura organizacional de un hospital o departamento de enfermera (preferiblemente de la institucin donde realizars tu prctica de internado, pero...
-
2. Consider a share that is expected to pay a growing dividend every year. The first dividend div =5 is due in one year. The annual growth rate during the first 3 years is g=3%, after that the...
Study smarter with the SolutionInn App