Explain what is meant by significant deficiencies as they relate to internal control. What should the auditor
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
Significant deficiencies are significant weaknesses in the design or ope...View the full answer
Answered By
Rashul Chutani
I have been associated with the area of Computer Science for long. At my university, I have taught students various Computer Science Courses like Data Structures, Algorithms, Theory of Computation, Digital Logic, System Design, and Machine Learning. I also write answers to questions posted by students in the area of and around Computer Science.
I am highly fortunate to receive great feedback on my teaching skills that keeps me motivated. Once a student sent me an email stating that I had explained to him a concept better than his professor did.
I believe in the fact that "Teaching is the best way to learn". I am highly fascinated by the way technology nowadays is solving real-world problems and try to contribute my bit to the same.
Besides tutoring, I am a researcher at the Indian Institute of Technology. My present works are in the area of Text Summarization and Signal and Systems.
Some of my achievements include clearing JEE Advanced with an All India Rank of 306 out of 1.5 million contesting candidates and being the Department Ranker 1 at my University in the Department of Computer Science and Engineering.
I look forward to providing the best Tutoring Experience I can, to the student I teach.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133098235
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
Question Posted:
Students also viewed these Auditing questions
-
Explain what is meant by "cutoff problems" as they relate to accounts payable.
-
Explain what is meant by 'reportable conditions' as they relate to internal control. What should the auditor do with reportable conditions?
-
What should the auditor do when a significant period of time has elapsed between the service organization auditors report and the date of managements assessment?
-
Marc & Kent operate a vineyard as partners. The partnership trades under the business name Victor Estate. Victor Estate has prepared a general ledger for the 2023 income year showing the following...
-
Name the following coordination compounds. a. [Cr(H2O)5Br]Br2 b. Na3[Co(CN)6] c. [Fe(NH2CH2CH2NH2)2(NO2)2]Cl d. [Pt(NH3)4I2] [PtI4]
-
An economics student is studying the American economy and finds that the correlation between the inflation-adjusted Dow Jones Industrial Average and the Gross Domestic Product (GDP) (also inflation...
-
What is a nation-state, and how is it an imagined community?
-
Deines Corporation has fixed costs of $480,000. It has a unit selling price of $6, unit variable costs of $4.40, and a target net income of $1,500,000. Compute the required sales in units to achieve...
-
Two agents meet to trade two goods. Agent 1 has preferences representable by utility func- tion u (x()) = x() (x()), while agent 2's preferences are representable by utility function u (x(2)) (x(2))...
-
Following are two income statements for Javelin Company for the month ended December 31, 2020. Column B was prepared before any adjusting entries were recorded and column D includes the effects of...
-
Describe what is meant by key control and control deficiency.
-
Explain what is meant by "tests of controls." Write one inspection of documents test of control and one reperformance test of control for the following internal control: hours of time cards are...
-
Reconsider Prob. 5-108. Using EES (or other) software, investigate the effect of the exit velocity on the mass flow rate and the exit volume flow rate. Let the exit velocity vary from 5 to 25 m/s....
-
The Loop and Butterfly subdivision schemes can both operate on triangular meshes, in which all of the polygons have three sides. Both schemes subdivide the mesh by introducing new vertices at the...
-
Subclass3. Quality if factored into your grades. Students who expend minimal effort on this assignment will not earn full credit. For each class you create, include: At least 3 additional pieces of...
-
An employee, who is not a salesperson, qualifies to claim 15% of their home office expenses. The home office expenses are mortgage interest of $7,000, insurance of $200, utilities of $2,500,...
-
Topics: Choose one of the topics below for your assignments 2A, 2B and 3 to fix the organisation's communication issues: A. Using social media in the workplace to communicate internally with staff B....
-
Largest city: 18.73 million located at 45.79 lat, -138.2 lon... Smallest city: 2.3 million located at -71.18 lat, -62.53 lon... Total: 116.84 million in 12 cities... Exercise 2 [20%] This exercise...
-
In Problems 5170, find the domain of each function. f(x) Xx x - 4
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
What is meant by the control environment?
-
You are the senior auditor in charge of the December 31, 2018, year-end audit for Cleo Patrick Cosmetics Inc. (CPCI). CPCI is a large, privately held Canadian company that was founded in 1999 by one...
-
Yummy Pops Ltd. is 100 percent owned by Pops Holding Ltd. The company has been profitable in the past. However, it has incurred a loss in the current year ended December 31, 2018. The parent company...
-
An air stripping tower is being designed to treat carbon tetrachloride from 500 to 5 g/L at a temperature of 25 C with a stripping factor of 8. Determine the operating airtowater ratio
-
If the wind force has a magnitude of 65 N , with what tension must the worker pull in order to move the box at a constant velocity? Express your answer with the appropriate units
-
1. Write sonic anemometer, thermal (hot wire) anemometer, cup anemometer, or pitot tube after the statement that best describes its basic principle of operation. [4 points] a. Infers wind speed from...
Words And Power Computers Language And US Cold War Values 1st Edition - ISBN: 303070372X - Free Book
Study smarter with the SolutionInn App