The COSO Framework does not really apply to regular audits of public companies because external auditors are
Fantastic news! We've Found the answer you've been seeking!
Question:
The COSO Framework does not really apply to regular audits of public companies because external auditors are required to follow GAP and regulatory rules. Discuss.
- Every company that has publicly traded stocks seems to include management's assessment of the effectiveness of the company's internal control over financial reporting. Is that a requirement?
- What is the Fraud Triangle?.
- COSO Principle 4 calls for the organization to demonstrate a commitment to attract, develop, and retain competent individuals in alignment with objectives. How can an organization achieve that goal in today's GIG economy?
- What is a blockchain?
- Discussion prompt: Internal Control is not infallible and can be defective. While those controls are improved upon as time goes on, what would cause those failures?
- Discussion prompt: Whistle-Blower Allegations are a serious matter and should not be handled by management for fear of reprisal. Who should handle the allegation?
- Discussion prompt: Who is responsible for hiring a corporation's external auditor?
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
Posted Date: