Briefly describe how the complexity of an entity''s ics, Auditing

Assignment Help:

Auditors use various tools to document their understanding of an entity's internal control system, including narrative descriptions, internal control questionnaires, and flowcharts.
Required:

1. Identify the relative strengths of narrative descriptions, flowcharts, international control question arise

2. Briefly describe how the complexity of an entity's internal control system affects the use of the various tools

Related Discussions:- Briefly describe how the complexity of an entity''s ics

Insurance companies, Insurance Companies Authoritative documents invol...

Insurance Companies Authoritative documents involved as: The Insurance Act The Companies Act IFRS 4 Insurance Contracts The major legislation governing insu

The international auditing and assurance standards board, The International...

The International Auditing and Assurance Standards Board (IAASB) is an independent standard-setting body that serves the public interest by setting high-quality international stand

Internal Audit., #quInternal Audit checklist for fixed assetsestion..

#quInternal Audit checklist for fixed assetsestion..

Explain Statutory Audit, Statutory Audit is a mandatory audit done by a CA....

Statutory Audit is a mandatory audit done by a CA. Finance Audit is conducted by the CA to compliance the legal supplies of monitory issues. If the audit for a business or an orga

Timing of tests of control, Timing of Tests of Control - AUDITOR should per...

Timing of Tests of Control - AUDITOR should perform tests of controls over a period of time which is adequate to determine whether, as of the date specified in management's report,

Seek out transactions with related parties, Seek Out Transactions with Rela...

Seek Out Transactions with Related Parties Within the course of the audit, the auditor carries out process that may identify the existence of transactions along with related

Verification, discuss the verification procedure of current assets and long...

discuss the verification procedure of current assets and long term liabilties

Audit work on the holding company, Audit Work on the Holding Company We ...

Audit Work on the Holding Company We will focus on the verification of investments in subsidiary companies. 1. Get a schedule that should contain the following information. A

Fitri, The following situations involve a possible violation of the MIA ByL...

The following situations involve a possible violation of the MIA ByLaws (on professional ethics, conduct and practice). For each situation, (1) decide whether or not the Code has b

Medical billing and coding, I need help with my homework for medical billin...

I need help with my homework for medical billing and coding can you help?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages