How can internal auditors maintain independence, since they are employees of the company?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (14 reviews)
Internal auditors should not have any reporting relationship or conflicting roles t...View the full answer
Answered By
Deepak Pal
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Information Systems The Processes and Controls
ISBN: 978-1118162309
2nd edition
Authors: Leslie Turner, Andrea Weickgenannt
Question Posted:
Students also viewed these Accounting questions
-
How can internal auditors achieve practical independence?
-
Since internal auditors are employees, they have no ethical responsibilities to others beyond their employers. Comment on this statement.
-
Can internal auditors and external auditors both perform consulting activities? Explain and describe the limitations of the external auditor in performing consulting activities?
-
Parisian Cosmetics Company is planning a one-month campaign for September to promote sales of one of its two cosmetics products. A total of $140,000 has been budgeted for advertising, contests,...
-
A Yamaha 88 Portable Grand Keyboard has a cost of $345.58 and is marked up 63% based on cost. Find the selling price and cost of the keyboard.
-
Brilliant Color is a small supplier of chemicals and equipment that are used by some photographic stores to process 35mm film. One product that Brilliant Color supplies is BC-6. John Kubick,...
-
Estimate the steady-state concentration profile when a typical albumin solution is subjected to a centrifugal field of 30000 times the force of gravity under the following conditions: the cell length...
-
Did Matlin commit a misrepresentation on his policy application? Provident Insurance, Inc., issued an insurance policy to a company providing an employee, Steve Matlin, with disability insurance....
-
Using the Internet, find an advertisement or other promotion that resulted in miscommunication. Describe what caused the miscommunication and how the business handled it.
-
The production of paper involves a pulping step to break down wood chips into cellulose and lignin. In the Kraft process, an aqueous, pulping-feed solution, known as white liquor, is used that...
-
Go to any website that sells goods. Examples would be BestBuy, Staples, and J.Crew. Pretend that you wish to place an order on the site you choose and complete the order screens for your pretend...
-
How has the Sarbanes-Oxley Act increased the importance of audit committees in the corporate governance process?
-
A person balances a meter stick in a horizontal position on the extended index fingers of her right and left hands. She slowly brings the two fingers together. The stick remains balanced and the two...
-
Discuss the specific core function of sell side and buy side of capital market. Who are in the buy side and on the sell side of capital markets and their function? Explain and give example.
-
A friend is not willing to invest in the stock market. She says it is a zero-sum game, just like a casino and stocks can simply go up or down. It is more like gambling than it is actual intelligent...
-
Kathy wants to invest 3,500 into her trust fund policy which would gain 3% interest per year. In 5 years how much interest would she have earned?
-
Assuming Stock B is the market portfolio; Stock A Stock B Stock C Expected Return 0.032123 0.021519 0.011348 Variance 0.00175860 0.00114550 0 COV(AB) 0.00245250 If you believe the CAPM is valid, what...
-
Describe what a financial system is and the role of financial firms. What is the purpose of regulation within the financial system? In your opinion, are regulators proactive or reactive in writing...
-
Evaluate each expression. -10 -2 +4-((-6)-(-2))
-
The slopes of the tangents at the points where the curve y = x2 - 4x intersects the X-axis is 1) 1 2) +2 3) +3 4) +4
-
The air is less dense at higher elevations, so skydivers reach a high terminal speed. The highest recorded speed for a skydiver was achieved in a jump from a height of \(39,000 \mathrm{~m}\). At this...
-
The T accounts on the next page summarize the ledger of McGregor Gardening Company, Inc. at the end of the first month of operations. Instructions(a) Prepare in the order they occurred the journal...
-
The T accounts on the next page summarize the ledger of McGregor Gardening Company, Inc. at the end of the first month of operations. Instructions(a) Prepare in the order they occurred the journal...
-
Selected transactions from the journal of Galaxy Inc. during its first month of operations are presented here. Instructions(a) Post the transactions to T accounts.(b) Prepare a trial balance at...
-
How do social norms function as regulatory mechanisms within complex social systems, influencing individual behavior and shaping collective expectations?
-
Luzadis Company makes furniture using the latest automated technology. The company uses a job - order costing system and applies manufacturing overhead cost to products based on machine - hours. The...
-
The deal reads: $5,000 guarantee vs. 90% GBOR, whichever is greater Other information: NBOR = $2,000 Additional Show Expenses = $1500 What is the amount of the Artist's Payment?
Study smarter with the SolutionInn App