Question: Consult Paragraph A5 (in Appendix A) of PCAOB Auditing Standard No. 5. Based on your understanding of WorldComs internal audit department, do you believe that

Consult Paragraph A5 (in Appendix A) of PCAOB Auditing Standard No. 5. Based on your understanding of WorldCom’s internal audit department, do you believe that the department could have been helpful in the internal control process at WorldCom? Why or why not?

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In the Appendix of PCAOB Auditing Standard No 5 paragraph A5 provides specific details about the definition of an internal control system According to that paragraph such a system is a process designe... View full answer

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