AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Chapter 6, Problem 6.8RQ
To determine

Concept Introduction:

Internal control means the process designed, implemented and maintained by the management, those charged with governance (TCWG) and other personnel provide the reasonable assurance about the:

  1. Reliability of Financial Statement.
  2. Compliance with laws and regulations.
  3. Safeguarding of assets of the entity and
  4. Effective and efficient operations.

To discuss:Tools used for documenting the understanding of internal control

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