EBK AUDITING & ASSURANCE SERVICES: A SY
11th Edition
ISBN: 9781260687668
Author: Jr
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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Question
Chapter 12, Problem 12.7RQ
To determine
Concept Introduction:
To discus: the two control environment factor that have a pervasive effect on the human resource management process that an auditor should consider
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Students have asked these similar questions
Which of the following is an element of the control environment?
Oa. Risk assessment plans
Ob. Managements' operating styles
Oc. Control proceares
Od. Information and communication activities
Define control risk and explain the role of control risk assessment in audit planning.
ABOUT AUDITING
The process of selecting and developing policies and procedures to help mitigate risks to an acceptable level is part of which component in the COSO Framework?
a. Control environment
b. Risk assessment
c. Control activities
d. Monitoring
Chapter 12 Solutions
EBK AUDITING & ASSURANCE SERVICES: A SY
Ch. 12 - Prob. 12.1RQCh. 12 - Prob. 12.2RQCh. 12 - Prob. 12.3RQCh. 12 - Prob. 12.4RQCh. 12 - Prob. 12.5RQCh. 12 - Prob. 12.6RQCh. 12 - Prob. 12.7RQCh. 12 - Prob. 12.8RQCh. 12 - Prob. 12.9RQCh. 12 - Prob. 12.10RQ
Ch. 12 - Prob. 12.11RQCh. 12 - Prob. 12.12RQCh. 12 - Prob. 12.13RQCh. 12 - Prob. 12.14MCQCh. 12 - Prob. 12.15MCQCh. 12 - Prob. 12.16MCQCh. 12 - Prob. 12.17MCQCh. 12 - Prob. 12.18MCQCh. 12 - Prob. 12.19MCQCh. 12 - Prob. 12.20MCQCh. 12 - Prob. 12.21MCQCh. 12 - Prob. 12.22MCQCh. 12 - Prob. 12.23MCQCh. 12 - Prob. 12.24PCh. 12 - Prob. 12.26PCh. 12 - Prob. 12.27P
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Similar questions
- Describe how internal control systems help organizations achieve objectives and respond to risks.arrow_forwardWhat is the audit team’s objective in obtaining an overall understanding of internal control in acomputerized processing environment?arrow_forwardDescribe the benefits of internal control report.arrow_forward
- Consider the “control environment.” Asses why it is important for auditors to understand a client’s control environment. What are some limitations of internal controls?arrow_forwardThe internal audit function is part of what element of the internal control system? a.Risk assessment b.Control activities c.Control environment d.Monitoringarrow_forwardDistinguish between an audit strategy and an audit plan or audit program?arrow_forward
- In which element of Internal Control are personnel policies included: Control Procedures Control Environment O Risk Assessmenet Information and Communication O Monitoringarrow_forwardShould an organization focus on controllable or uncontrollable factors to effectively implement a successful performance measurement system? Explain your answer.arrow_forwardHow does inherent risk relate to internal controls? Why is it important to assess inherent risks of material misstatement prior to evaluating the quality of an organization’s internal controls?arrow_forward
- Discuss the types of internal controls and explain how each is important to the auditing process. Explain and give examples of the four main categories of COSO framework regarding management objectives. Please provide refences if there is any.arrow_forwardDescribe how the nature of evidence used to evaluate the control environment differs from the nature of evidence used to evaluate control actives.arrow_forwardWhich of the following is not one of the elements of a good system of internal control? a.Control environment b.Analysis of control procedures c.Information and communication d.Risk assessmentarrow_forward
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