Do a class survey of internal control reports by auditors in 2013 at www.sec.gov. What is the most common criterion used to evaluate internal controls? Discuss.
Answer to relevant QuestionsWhat are the elements of comprehensive auditing?Should there be a relationship between audit reports on internal control statements and audit reports of financial statements? Discuss.Define the term contingency fee, explaining how such fees apply to PAs. Do you feel a change is necessary to rules for contingency fees in Canada? PA has been engaged by Pinto Inc. for several years. His work involves compiling the monthly financial reports for Pinto’s management and providing advice to Pinto’s president on cost controls, taxes, and other financial ...Explain how the independence principle can be derived from the critical thinking framework.
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