After reading the following article, please respond to the below question: Rittenberq, L. E. (2013). COSO 2013. Internal Auditor, 70(4), 60-65. Discuss the three elements of internal control mentioned in the Updates to COSO in the above article and which you think is the most important - integration, judgment, or control testing and evaluation. Depending on the type of company (merchandising, manufacturing, or service) this could impact the types of controls and testing performed. For example, what types of controls would you use for a merchandising company? How would these differ from a service company?
After reading the following article, please respond to the below question: Rittenberq, L. E. (2013). COSO 2013. Internal Auditor, 70(4), 60-65. Discuss the three elements of internal control mentioned in the Updates to COSO in the above article and which you think is the most important - integration, judgment, or control testing and evaluation. Depending on the type of company (merchandising, manufacturing, or service) this could impact the types of controls and testing performed. For example, what types of controls would you use for a merchandising company? How would these differ from a service company?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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After reading the following article, please respond to the below question: Rittenberq, L. E. (2013). COSO 2013. Internal Auditor, 70(4), 60-65. Discuss the three elements of internal control mentioned in the Updates to COSO in the above article and which you think is the most important - integration, judgment, or control testing and evaluation. Depending on the type of company (merchandising, manufacturing, or service) this could impact the types of controls and testing performed. For example, what types of controls would you use for a merchandising company? How would these differ from a service company?
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