What controls over the physical IT facility are considered ITGC?
Answer to relevant QuestionsWhy 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 ...If a company owns many business locations (for example, many store locations), and in the aggregate they could cause material misstatements to the financial statements, the auditor would need to obtain sufficient audit ...Assume that management of a company with a December 31 fiscal year end began its assessment of ICFR early in the fiscal year. Based on its procedures, management concluded deficiencies existed in ICFR and made major changes ...Dottie Martin is the CEO of Martin Industries. She seeks your advice as to how to assign the functions among her three clerical employees in order to achieve the highest degree of internal control.Below are the 8 functions ...What are the audit concerns about related party transactions? How do these concerns affect the testing of operations of controls?
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