What do auditors do if they find strong controls in an accounting system?
Question:
What do auditors do if they find strong controls in an accounting system?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Auditor testing of control effectiveness is required most ...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
What is the internal auditors responsibility for reporting a corporate wrongdoing? For example, what should an internal auditor do if they find management has inappropriately recognized revenue by...
-
The SEC charged certain executives of Happiness Express with "insider trading." Do auditors have a responsibility to consider or investigate the possibility that client executives have engaged in...
-
Gabby Manufacturing Company (Gabby) is a privately owned leading manufacturer and distributor of lockers, locks, and keys for numerous industries. It is best known for its widely used locker system...
-
Solve the inequality. Write the solution in interval notation. |15 = x < 7
-
The 1H NMR spectrum of the product obtained when an unknown alkene reacts with ozone and the ozonolysis product is worked up under oxidizing conditions is shown. Identify the alkene. 10 (ppm)...
-
In Exercises 710, graph the solution set of each inequality or system of inequalities. [x2 + y > 1 [x2 + y < 4
-
Do you believe that lawsuits filed by consumer activists will help solve the problem of unsafe flooring?
-
Howser Companys fixed overhead costs are $4 per unit, and its variable overhead costs are $8 per unit. In the first month of operations, 50,000 units are produced, and 48,000 units are sold. Write a...
-
Exhibits 1.26, 1.27 and 1.28 of Integrative Case 1.1 (Chapter 1) present the financial statements for Walmart for 20122015. In addition, the website for this text contains Walmarts December 31, 2015,...
-
Pan Company issued 960,000 shares of $10 par common stock with a fair value of $20,400,000 for all the voting common stock of Set Company. In addition, Pan incurred the following costs: Legal fees to...
-
What is the main purpose of documenting controls in an accounting system?
-
Explain managements responsibilities regarding its organizations internal control.
-
Use the method of cylindrical shells to find the volume generated by rotating the region bounded by the given curves about the specified axis. Sketch the region and a typical shell. 15. y x, y = 0, x...
-
2. If w = x + y z + sint and x + y = t, find Iw dw Iw a. b. c. av z x, z aw Iw aw d. e. f. az at at y, t x, Z y, z
-
Global Training Solutions (GTS) was founded 40 years ago by an educator/consultant/trainer to provide training to business employees, consulting services to businesses and school systems, and...
-
Consider the following open-loop transfer function: K(s+2a) G(s)H(s)= where K,a>0 s(s-a) The frequency when the phase is -180 degrees is: rad/s The magnitude of the open loop transfer function when...
-
Complete Exhibit 5 (this should be cost per cup and in CA$, do not convert). The exhibit is missing a line for Milk & Sugar within factory overhead section EXHIBIT 5: COSTING CHART Direct Cost Coffee...
-
Why is the tension negative in the net force x-component? The tension points right, so shouldn't it be positive? I saw elsewhere that the equation has negative T. Why? Chrome File Edit View History...
-
In Problem factor completely. If a polynomial cannot be factored, say so. y 2 + 16
-
(a) What do data breach notification laws require? (b) Why has this caused companies to think more about security?
-
Discuss some reasons why a firm that produces installations might use direct distribution in its domestic market but use intermediaries to reach overseas customers.
-
Explain discrepancies of quantity and assortment using the clothing business as an example. How does the application of these concepts change when selling steel to the automobile industry? What...
-
Explain the four regrouping activities with an example from the building supply i n dustry (nails, paint, flooring, plumbing fixtures, etc.). Do you think that many specialists d e velop in this...
-
Marie Forleo, a marketing trainer and host of MarieTV, presents the eight tips for genuine networking. Do you agree or disagree with her suggestions? Discuss how this information is useful to you and...
-
Identify all relevant costs or revenue that are applicable to production- constrained decisions 1. Contributions margin of product 2. Interference with other production 3. Contribution margin per...
-
Gammaro Compary manufactures wallets from fabric. In 2 0 1 9 , Gammaro made 2 , 1 5 0 , 0 0 0 wallets using 1 , 2 5 0 , 0 0 0 yards of fabric. In 2 0 1 9 , Gammaro has capacity to make 2 , 8 0 0 , 0...
Study smarter with the SolutionInn App