Send reply to the following three points. answer in your own words. When a company is just starting out it is not feasible or practical to implement certain audit controls. What are some of the minimal controls that small businesses should implement and what are some challenges that managers face when increasing internal controls as their companies grow. The COVID-19 pandemic has changed the way many businesses operate. List some challenges and controls that companies should implement for workers and how the role of an external auditor may be affected. The corporate fraud most of the scandals was involved with the auditor and also the company board of directors. What action might take for these scandals which involve auditors and the board of directors? A similar mistake should not be repeated in future operations. As an accountant what steps can one take to ensure that they are not subject to an unconscious bias? Does doing something morally correct but illegal justify a wrong audit?
Send reply to the following three points. answer in your own words.
When a company is just starting out it is not feasible or practical to implement certain audit controls. What are some of the minimal controls that small businesses should implement and what are some challenges that managers face when increasing internal controls as their companies grow. The COVID-19 pandemic has changed the way many businesses operate. List some challenges and controls that companies should implement for workers and how the role of an external auditor may be affected.
The corporate fraud most of the scandals was involved with the auditor and also the company board of directors. What action might take for these scandals which involve auditors and the board of directors? A similar mistake should not be repeated in future operations.
As an accountant what steps can one take to ensure that they are not subject to an unconscious bias? Does doing something morally correct but illegal justify a wrong audit?
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