Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The internal control system of an organization is an important factor in audit risk assessment and resultantly audit planning. Strong internal control system significantly contributes

The internal control system of an organization is an important factor in audit risk assessment and resultantly audit planning. Strong internal control system significantly contributes in reducing the audit risk. Internal control system varies in size and design according to the nature of business, size and type of organization. For a geographically diverse but centrally administered business entity what kind of internal control system you suggest?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-30

Authors: David Haddock, John Price, Michael Farina

16th Edition

1260247902, 978-1260247909

More Books

Students also viewed these Accounting questions

Question

which of the following is false about networking

Answered: 1 week ago