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Define internal control

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Reference no: EM133129598

Questions -

Q1. List 4 of the 8 assertions auditors use to consider transactions, account balances, and presentation/disclosure when conducting an audit. Define each of the four you list, and give an example of the assertion as it relates to a given transaction, account balance, or presentation/disclosure issue.

Q2. Compare and contrast the concepts of sufficiency and appropriateness with respect to audit evidence. Describe the characteristics by which audit evidence is judged with respect to each.

Q3. Define internal control. Discuss the difference between entity level and transactional level controls in your definition.

Reference no: EM133129598

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