Key elements of internal control

Assignment Help Management Information Sys

Reference no: EM13125790

Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important? How will the auditor have to modify the audit program if the internal controls are deemed inadequate to support management assertions?

Reference no: EM13125790

Questions Cloud

Ending inventory of plastic : The cost of plastic is $0.03 per ounce. How much is the ending inventory of plastic to be reported on the company's balance sheet at September 30?

Compare the advantages of using the retail method : High-volume retailers generally use the retail method for valuing inventories Instead of the various cost methods. Identify and evaluate the conditions that may distort the results under the retail method.Compare the advantages of using the retail..

Group theory-closure and associativity : To determine whether the system described is a group. G = set of all integers, a.b = a - b

Explain vapor pressure of ideal solutions : Explain Vapor Pressure of Ideal Solutions, At 25C the vapor pressures of chloroform and carbon tetrachloride are 26.54 and 15.27 kPa respectively. If the liquids form ideal solutions

Key elements of internal control : Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important?

What presumptions can be made about the following : The third generally accepted standard of audit fieldwork requires that auditors obtain sufficient, competent audit evidence to afford a reasonable basis for an opinion regarding the financial statements under examination.

Find probability for fewer the claims have been padded : Your office has just received 140 insurance claims to be processed in the next few days. Find the following probabilities.

Groups-third sylow theorem : If you know the order of the normalizer N of can you find the generators for N? Give a solid math argument why this is correct and please keep the answer as simple as possible at the same time.

What is "structural mobility" : What is "structural mobility" and how does this concept describe the decline of manufacturing jobs in the United States since the early 1970s? (Ch.7)

User Account

All Pages