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Other Fields Homework Help Accounting Topic started by: Bootyshaker on Jul 24, 2022



Title: When considering internal controls,
Post by: Bootyshaker on Jul 24, 2022
When considering internal controls,

▸ auditors can ignore controls affecting internal management information.

▸ auditors are concerned with the client's internal controls over the safeguarding of assets if they affect the financial statements.

▸ management is responsible for understanding and testing internal control over financial reporting.

▸ companies must use the COSO framework to establish internal controls.


Title: When considering internal controls,
Post by: casinogurl on Jul 24, 2022
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