Discuss the costs and benefits of requiring managers to report on the companys internal controls. Do you
Question:
Discuss the costs and benefits of requiring managers to report on the company’s internal controls. Do you think it is necessary for the external auditor to attest to management’s report? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Benefits include 1 For the firm increased awareness of weak or ineffe...View the full answer
Answered By
SUBRATA PANDEY
I have done my graduation from Electronics and Communication engineering and after that completed a post- graduation diploma in Computer applications. Recently I have finished my Bachelor of Education, teaching course.
I had worked as a Civilian instructor in Indian Army where I used to take Electronics & Digital circuits and Advanced Electronics & Power Supply system as subjects and having good subject knowledge of Basic Electronics and Digital Electronics.
From 2018 to 2021 worked in a CBSE school taking Computer and English as teaching subjects. So, I am having knowledge of these subjects as well. During school teaching, I had trained students in Microsoft office, HTML, Python and other programming languages and software.
Recently, working as Question & Answer expert in two different online platforms solving students' problems and clarifying their doubts.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Question Posted:
Students also viewed these Accounting questions
-
Why do you think it is necessary to distinguish between real and personal property?
-
Do you think it is possible that a business manager may perpetrate fraud and still have the companys best interest in mind?
-
To what extent do you think it is Sam's individual responsibility to furnish creative ideas for generating new business for Budget Vision Care?
-
Solve parts b and d of Problem 2.67 assuming that the free end of the rope is attached to the crate. Problem 2.67: A 280-kg crate is supported by several rope-and-pulley arrangements as shown....
-
Complete the following table by putting an X in the column that corresponds to the following statements: Corporate finance Proiect finance The borrower's assets serve as guarantee on the financing...
-
At December 31, 2014, KD Corporation reported the following on its comparative balance sheet, which included 2013 amounts for comparison: _____________________________December 31,...
-
Explain with the help of neat sketches, the working principle of four stroke petrol engine.
-
The outstanding stock in Red, Blue, and Green Corporations, each of which has only one class of stock, is owned by the following unrelated individuals: a. Determine whether Red, Blue, and Green...
-
2-Using the CPT data in figure below, a unit weight of 115 pcf, and an overconsolidation ratio of 3, determine (a) soil behavior type (b) o' using Kulhawy and Mayne correlation and (c) N60 for the...
-
Flowmaster Forge Inc. is a designer and manufacturer of industrial air-handling equipment that is a wholly owned subsidiary of Howden Industrial Inc. Howden is interested in selling Flowmaster to an...
-
Some of the scandals of the early 2000s were the result of misapplying accounting principles, and others were the result of questionable accounting principles. Which do you think describes the...
-
What is the advantage of having a financial expert on the board of directors? Are there any drawbacks?
-
Where does a company report its comprehensive income?
-
What does investment risk mean?
-
What security provides a good estimate of the short-term nominal risk-free rate?
-
A person who makes a will. a. benefi ciary b. bequest c. codicil d. decedent e. devise f. executor g. holographic will h. inter vivos i. intestate j. personal representative k. residuary l. settlor...
-
The person named in a will to administer the estate. a. benefi ciary b. bequest c. codicil d. decedent e. devise f. executor g. holographic will h. inter vivos i. intestate j. personal representative...
-
Differentiate between interest rate risk and reinvestment rate risk.
-
Verify that LHopitals Rule applies and evaluate the limit. 2 sin lim 0-0 sin sin 20 cos 0
-
The Ferris wheel in the figure has a radius of 68 feet. The clearance between the wheel and the ground is 14 feet. The rectangular coordinate system shown has its origin on the ground directly below...
-
Prove the second part of Theorem 3.8. That is let \(\left\{X_{n}ight\}_{n=1}^{\infty}\) be a sequence of random variables, \(X\) be a random variable, and \(g\) be a Borel function on \(\mathbb{R}\)....
-
Why are accounting transactions associated with payroll processing so repetitive in nature? Why do some companies choose to have payroll processed by external service bureaus rather than in-house?
-
In this chapter, we discussed many data inputs to an organizations production process. What are the specific data items to input to a system when adding a new raw materials inventory item? What...
-
What non-financial information would be important for an AIS to capture about a manufacturing firms production process?
-
A thermocouple is placed on one side of a solid 2 cm-thick 1 m x 1m (square) slab of aluminum, held at a uniform temperature of 25 o C. The surroundings are also at 25 degree celsius on both sides of...
-
A vehicle travelling at 72 km/hr. is braked uniformly to speed of 28 km/hr. in a time of 10 seconds. Draw a speed - time graph and determine the distance that the vehicle travels while it is slowing...
-
A strain gauge blood pressure sensor is built from p-type semi-conductor. Eight small strain gauges with a nominal resistance R=100ohm and a gauge factor G=100 are placed on a small round disk (5mm...
Study smarter with the SolutionInn App