How does the degree of control reliance relate to the auditors control risk assessment?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
In the third phase of an internal control evaluation auditors will have identif...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Auditing questions
-
How does the degree of liquidity risk differ for different types of financial institutions?
-
How does the auditors control risk assessment relate to audit risk?
-
What does the degree of a vertex represent in an academic collaboration graph? What does the neighborhood of a vertex represent? What do isolated and pendant vertices represent?
-
Spencer Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Spencers policy is to maintain an ending inventory...
-
What is the role of theory in SEM?
-
To complete the project within two weeks. For each objective, state which must criterion is not met. A. Single result B. Specific C. Measurable D. Target date
-
What present amount of money must be deposited at 11 percent interest compounded annually to grow to $15,000 in 9 years? Give your answer to the nearest penny. a. Use the tables provided in Appendix...
-
Biomass combustion-burning of forests, grasslands, agricultural wastes, and other biological matter-is recognized as a serious threat to the environment.8 The table below shows the distribution of...
-
graph.jpg Points A,B,C, and D imply that the interest rate parity holds Points X and Y imply that the investors can profit from covered interest arbitrage Point Z implies that no investor can engage...
-
A ride hailing company has their DB structured in 3 major tables as described in the SCHEMA section below. Write a query to fetch the top 100 users who traveled the most distance using the service....
-
Why are the control objectives the same regardless of whether manual or IT controls procedures are used?
-
What two parts are important in writing out a control test for an audit program?
-
Express as a sum or a difference of logarithms. loga V9 - x
-
Assume that the first six memory-reference instructions in the basic computer listed in Table 5-4 are to be changed to the instructions specified in the following table. EA is the effective address...
-
John and Nina Hartwick, married 17 years, have a 13-year-old daughter. Eight years ago, they purchased a home on which they owe about $240,000. They also owe $6,000 on a two-year-old automobile. All...
-
In Figure 6-2, which rate of return is the risk-free rate? Why? FIGURE 6-2 Historical Rates of Return Securities Small- company stocks Large- company stocks Intermediate-term government bonds...
-
The following unadjusted trial balance is for Power Demolition Company at its April 30 current fiscal year-end. The credit balance of the Retained Earnings account was $76,900 on April 30 of the...
-
After reviewing Figure 6-5, explain the difference between the plotted dots and the firms characteristic line. What must be done to eliminate the variations? FIGURE 6-5 Monthly Holding-Period...
-
Draw and explain the functioning of a typical recurrent neural network unit.
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
What might two endorsements on a cancelled cheque mean?
-
What does the term risk mean?
-
Describe what is meant by saying that an audit under GAAS is risk based.
-
a) Assess five (5) top construction trends in Malaysian construction industry. (5 marks) b) Demand of construction industry is in various types and sizes. There will be different locations,...
-
My assignment is asking me to describe the plans that are employed by the organization and determine which managers created each type of plan. I have chosen to do the assignment on Apple Inc. Can I...
-
Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent security specialist who spent $635 on uniforms during the year. His laundry...
Study smarter with the SolutionInn App