Barrick Gold, a Canadian public corporation, has operations in six main countries. Barrick produces and sells gold,
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a. Identify the control risks in Barrick’s derivatives activities and the key controls indicated in the above description. Provide a brief description of specific control procedures that likely are used by Barrick’s treasury function to implement the risk-management policies.
b. Describe audit procedures that could be used to test these controls and substantive tests for derivatives activities at Barrick.
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Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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