What aspects of management’s philosophy and operating style may affect ICFR and financial reporting?
Answer to relevant QuestionsHow are risks from external and internal factors different? Give examples.What does AU 319 indicate as a necessary condition for communication? In what way is the COSO expectation broader?What are inquiry, inspection, observation, reperformance, and tracing?Why are application controls not likely to be effective if general controls are not?Why is the auditor concerned about whether a company has controls over the development or changes it makes to computer software? What impact do these controls have over the auditor’s conclusions for the ICFR audit? The ...
Post your question