Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

If internal controls are deemed insufficient to support management assertions, auditor will have to alter audit program by include management in collecting information concerning internal control systems without impairing their objectivity or judgment. Auditor should carry out procedures to get adequate evidence regarding operation and design of internal control and hence decrease attestation risks to low levels. Auditor may consider management's results and tests but not rely on them as principle evidence. In sufficient management, assertion and documentation of internal controls may result to 'important deficiency or material weakness'.

We have been describeing some of the evidence which can be collected: When is there sufficient evidence? For instance, do you only collect evidence if there is the issue? But then how do you authenticate that you reviewed all evidence?

 

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M932357

Have any Question? 


Related Questions in Project Management

The uk manager of an international bond portfolio would

The U.K. manager of an international bond portfolio would like to synthetically sell a large position in a French government bond, denominated in euros. The bond is selling at its par value of €46.15 million, which is eq ...

A force 12 kn is gradually applied and then removed at the

A force 12 kN is gradually applied and then removed at the end of an elastoplastic bar. When the yield stress of the material is 100 MPa, calculate plastic strains and tip displacement after removing the applied force. U ...

What is planning how does an organization determine if

What is planning? How does an organization determine if planning is necessary? What are the three common levels of planning? Who are stakeholders? Why is it important to consider their views when planning? What is a valu ...

Mr abebe manager of yyy appliances for addisabeba midtown

Mr. Abebe, Manager of YYY appliances for addisabeba midtown department store feels that her inventory levels of stoves have been running higher than necessary. Before revising the inventory policy for stoves she records ...

Assignment the role of project managersresearch job boards

Assignment: The Role of Project Managers Research job boards for project manager positions. Take note of the various industries that hire project managers. Then, research statistics from the project management institute ...

Project team leadership presentationproject idea- the

Project Team Leadership Presentation Project Idea- The company you work for is going to relocate its IT department from an off site office to a new building at its corporate headquarters. Prepare a visual presentation fo ...

1 describe three buying experiences you have had- one for

1. Describe three buying experiences you have had- one for each type of problem solving-and identify which problem-solving process you used. Discuss why that particular process was appropriate. 2. Interview a classmate a ...

As we have stated self assessment is a critical component

As we have stated, self assessment is a critical component of the Baldrige process. Accordingly, this assignment will require you to engage in a reflective process and allow you to develop and articulate your own thought ...

Project implementation planusing the group recommendation

Project: Implementation Plan Using the group recommendation memo and merged topology, develop a high-level plan for implementing the changes and mitigating vulnerabilities and convergence issues. The high level plan shou ...

What is the name for the broad process of planning for the

What is the name for the broad process of planning for the unexpected? What are its primary components? Which two communities of interest are usually associated with contingency planning? Which community must give author ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro