Some internal controls can be tested objectively. Discuss some internal controls that you think are relatively more
Question:
Some internal controls can be tested objectively. Discuss some internal controls that you think are relatively more subjective to assess in terms of adequacy than others.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Assessing systems development controls require more ju...View the full answer
Answered By
RADHIKA MEENAKAR
I am a qualified indian Company Secretary along with Masters in finance with over 6 plus years of professional experience. Apart from this i am a certified accounts and finance tutor on many online platforms.
My Linkedin profile link is here https://www.linkedin.com/in/radhika-meenakar-88b9808a/
5.00+
12+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Explain how client internal controls can be improved through the proper installation of IT.
-
What internal controls can be put into place to prevent an employee from committing a mischaracterized expense scheme?
-
List at least four items that you think are necessary in an organization for establishing an ethical culture, and briefly expound on each item. 2. Does your organization (car Manufacturing or one you...
-
The following data has been extracted from last quarter's budget of Elise Ltd, which manufactures and sells a single product. January February March Production units 6200 6200 5800 Sales units 5900...
-
Internet prices for glasses are often considerably lower than those at the brick and mortar stores but quality is another question. To address that issue, some optometrists ordered 154 adult pairs of...
-
1. What is eBays problem? 2. Which marketing strategy was eBay following: market development or product development? Do you agree with it? 3. What decision-making process should CEO Donahoe utilize...
-
What is the System Operations Model?
-
Clarissa McWhirter, vice-president of Cyprus Company, was pleased to see a small variance on the income statement after the trouble the company had been having in controlling manufacturing costs. She...
-
When making observations using two different instruments, it is important to keep in mind which tool will allow you to be the most accurate. The value with more significant digits often gives a more...
-
The Peel Trading Company received an invoice dated September 20 for $16 000 less 25% and 20%, terms 5/10, 2/30, n/60. Peel made a payment on September 30 to reduce the debt to $5000 and a payment on...
-
Discuss how the process of obtaining audit evidence in a CBIS is inherently different than in a manual system.
-
SOX contain many sections. Which sections is the focus of this chapter?
-
For what purposes are departmental reports useful to management?
-
brenda can type 30 words in 5 minutes how many words can she type in 20 minutes. a proportion is when two fractions are equal to each other
-
Let f(x)=x+1/x-2 Find the slope of the secant line over [0,1] Find the slope of the secant line over [0,0.5] Find the slope of the secant line over [0,0.1] Find the slope of the secant line over...
-
Find a unit vector in the same direction as (2,4) Given f(x, y) = 4x - 5xy + 2y, find the directional derivative at (x, y) = (5, 1) in the direction of (2, 4). Round to 5 decimal places as necessary.
-
= Given f(x, y) corresponding to 4x xy+1y, find the directional derivative at (x, y) 2T 3 . Round to 5 decimal places as necessary. = (5, 2) in the direction
-
Using the Iteration Formula x_(n+1)=7-(8)/(x_(n)^(2)+7), starting with x_(0)=7, find x_(1),x_(2),x_(3) and x_(4). Give your answer to 3 decimal places.
-
Hostile environment harassment, a type of sexual harassment, must be sufficiently severe that it has a significant negative effect on the harassed employees job performance. True/False
-
Open Text Corporation provides a suite of business information software products. Exhibit 10-9 contains Note 10 from the companys 2013 annual report detailing long-term debt. Required: a. Open Text...
-
Why is being able to do arithmetic and algebra an essential skill for an accountant?
-
Refer to Its Your Call 11.33. Prepare a plan for the Veterans Administration to better secure its laptops in the future.
-
You are on the team charged with business continuity and disaster recovery. Your role in the team is to focus on disaster recovery for the accounting system and financial data. At the first meeting,...
-
One of your responsibilities as a staff accountant is to prepare and transmit your companys XBRL financial statements to the Securities and Exchange Commission (SEC). What cyber security measures...
-
The partners mehak and simran share in the profits and losses equally and their capital accounts have credit balance s of 1 5 0 0 0 and 2 5 0 0 0 respectively. The account balances for Mehak and...
-
LNS Corporation reports book profit of $ 2 , 0 0 0 , 0 0 0 . The $ 2 , 0 0 0 , 0 0 0 included $ 1 5 , 0 0 0 of tax exempt interest income, a capital loss of $ 2 , 0 0 0 , depreciation expense of $ 6...
-
Maggie Vitteta, single, works 3 8 hours per week at $ 1 9 . 0 0 an hour. How much is taken out for federal income tax?
Study smarter with the SolutionInn App