Question: What are some examples of external and internal business performance
What are some examples of external and internal business performance measures? How can these performance measures motivate management to misstate the financial statements?
Answer to relevant QuestionsWhat are the auditor’s communication responsibilities when he or she suspects or finds evidence of fraud? How do his or her responsibilities differ if the fraud involves low-level employees or high-level managers? How can business risks be managed? What are some of the important characteristics of “tone at the top” and control environment?Why do auditors seek information about the use of nonstandard journal entries?What is the purpose of application controls? How does it differ from the purpose of general controls?
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