Auditors process of understanding internal control

Reference no: EM13120623

There are four steps in the auditor's process of understanding internal control and assessing control risk for a public company. The first step is to obtain and document an understanding of internal control: design and operation. What are the remaining three steps?

Reference no: EM13120623

Questions Cloud

What is the emprical formulae of the compound : What is the emprical formulae of the compound whose composition by mass is 1.32g of carbon dioxide contain 0.36g of carbon.

How much cash was collected from customers : A company's 2010 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,000 and the unearned revenue account decreased $15,000 during 2010. How much cash was collected from customers during 2010?

Simplifying a product of radical expressions : Simplify a product of radical expressions. Assume that all variables represent positive real numbers

Find probability that given class period runs less : A statistics professor plans classes so carefully that the lenths of her class are uniformly distributed between 50.0 and 52.0 minutes. Find the probability that a given class period runs less than 51.5.

Auditors process of understanding internal control : There are four steps in the auditor's process of understanding internal control and assessing control risk for a public company. The first step is to obtain and document an understanding of internal control: design and operation. What are the rema..

What is the molecular formula of the molecule : What is the molecular formula of the molecule that had an empiricial formula of C2 H4 S and a molar mass of 180.35% g/molecular.

Elucidate the initial speed of the apple : An assistant standing on the level ground 150 m downrange from the launch point throws an apple straight up with the minimum initial speed necessary to meet the path of the arrow. Elucidate the initial speed of the apple?

Compute the percentage total return : Suppose a stock had an initial price of $83 per share, paid a dividend of $1.40 per share during the year, and had an ending share price of $96.

Poisson distributions and standard deviations : Probability and Statistics : Poisson Distributions and Standard Deviations, The number of violent crimes committed in a large city follows a Poisson distribution with an average rate of 10 per month.

User Account

All Pages