What is meant by an internal control deficiency?
Question:
What is meant by an internal control deficiency?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (8 reviews)
An internal control deficiency exists when either ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing And Assurance Services
ISBN: 9781266796852
9th Edition
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
Question Posted:
Students also viewed these Business questions
-
Multiple Choice 1. An independent audit aids in the communication of economic data because the audit a. Confirms the exact accuracy of managements financial representations. b. Lends credibility to...
-
ABC Retailers Inc. (ABC or the Company) is a U.S. public company that files quarterly and annual reports with the Securities and Exchange Commission (SEC) with a fiscal year end of August 31, 20X8....
-
One can only imagine the high expectations of investors when the boards of directors of CUC International, Inc. (CUC) and HFS, Inc. (HFS) agreed to merge in May 1997 to form Cendant Corporation. The...
-
A quality control manager at a manufacturing facility has taken four samples with four observations each of the diameter of a part. (a) Compute the mean of each sample. (b) Compute an estimate of the...
-
Always vote (OFTEN: 1 = Always; 2, 3, 4 = Other categories).
-
Fio, Inc. produces 2 products with joint costs of $150,000. In the most recent period, Fio produced 20,000 pounds of Product-1 and 30,000 of Product-2. Fio uses the physical measures (output) method....
-
Construct a plot of the residuals versus the fitted values (fitted values refers to the ys). What pattern do you see? What does this indicate regarding the regression assumptions?
-
An investment offers a 14 percent total return over the coming year. Bill Bernanke thinks the total real return on this investment will be only 9 percent. What does Bill believe the inflation rate...
-
Mi-jin had extensive renovations done on her vacation home in 2023. She spent $900 on two new doors, $3,000 on windows, and $800 on a home energy audit. The doors and windows meet all required...
-
What is a significant deficiency?
-
What are the four methods used to perform tests of control?
-
A beam with a length L is attached to the wall with a cable as shown. A load W = 500 lb is attached to the beam. The tension force, T, in the cable is given by: T = WLh2 + x2/hx For a beam with L =...
-
X 18. State the amplitude and period of: y = -4cos Graph one cycle of the function. 4 1 19. State the amplitude and period of: y = -sin(4x) Graph one cycle of the function. 4
-
Explain ways in which an organisation may overcome security vulnerabilities and issues?
-
A nonpipelined system takes 300ns to process a task. The same task can be processed in a 4-stage pipeline with a clock cycle of 50ns. Determine the speedup ratio of the pipeline for 400 tasks. What...
-
Within an orthodontic practice that I work in, insufficient patient care and poor time management are the most significant issues in the office. Beginning with the receptionists, scheduling...
-
How has the decision been improved with more of a focus on financial information? Why would it have been a better decision? How could you have included more financial information and where might it...
-
Assume that yields on U.S. Treasury securities were as follows Term Rate 6 months.....................4.69% 1 year.............................5.49 2 years...........................5.66 3...
-
For Problem estimate the change in y for the given change in x. y = f(x), f'(12) = 30, x increases from 12 to 12.2
-
When identifying and assessing inherent risk through the use of audit data analytics, what type of analytic would an auditor most likely perform first? a. Detail analysis of specific sales...
-
Which of the following is not a typical problem found by auditors when cleansing client data for the purposes of performing an ADA? a. Some fields may be empty and thus cause errors during analysis....
-
Which of the following would occur during the planning stage of ADA? a. Auditor must determine the nature, timing, and extent of the work to be performed in the ADA. b. Auditor can conclude that no...
-
Just work out the assignment on your own sheet, you dont need the excel worksheet. Classic Coffee Company Best friends, Nathan and Cody, decided to start their own business which would bring great...
-
Financial information related to the proprietorship of Ebony Interiors for February and March 2019 is as follows: February 29, 2019 March 31, 2019 Accounts payable $310,000 $400,000 Accounts...
-
(b) The directors of Maureen Company are considering two mutually exclusive investment projects. Both projects concern the purchase of a new plant. The following data are available for each project...
Study smarter with the SolutionInn App