Explain the phases of a financial statement audit

Assignment Help Accounting Basics

Reference no: EM132453784 , Length: 2

Part 1:

Question 1. List and explain the primary objectives of effective internal control.

Question 2. Compare management versus auditor responsibilities related to internal control.

Question 3. Explain the 5 components of the COSO internal control framework.

Question 4. Explain the phases of a financial statement audit.

Question 5. Explain the evaluating system for significant control deficiencies.

Part 2:

Question 1. Give some examples for the above question #1.

Question 2. List some controls that reduce fraud risks.

Question 3. Explain how you can detect fraud.

Reference no: EM132453784

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