What are the four major categories of pervasive controls? Why would the PCAOB refer to these controls as ‘entity-level’?

To determine: The four major categories of pervasive controls and provide reason for referring these control as ‘entity-level’ by PCAOB.
Explanation of Solution
Four major categories of pervasive controls and provide reason for referring these control as ‘entity-level’ by PCAOB:
The four major categories of pervasive control are,
- Organizational design.
- Corporate policies,
- Monitoring controls and
- IT general controls.
PCAOB referred the above controls as ‘entity level’ since it controls the overall security of the firm. The Organizational design controls the organizational structure and environment, the rules and regulations are governed under corporate policies. The monitoring controls guides the surveillance actions and IT general controls guides other IT related security actions.
Want to see more full solutions like this?
Chapter 8 Solutions
Accounting Information Systems
- write solution..??? No gpt8. What is the weighted average cost of capital (WACC) for a company with 50% equity (cost 10%) and 50% debt (cost 6%)?arrow_forwardNo ai gpt...?????2. Calculate the present value of $5,000 received in 2 years at 8% discount rate.arrow_forwardno gpt answer...????8. What is the weighted average cost of capital (WACC) for a company with 50% equity (cost 10%) and 50% debt (cost 6%)?arrow_forward
- 3. If a company's net income is $500,000 and it has 100,000 shares outstanding, what is the earnings per share (EPS)? no ai gpt...???arrow_forwardNo Ai ...???? 1. What is the future value of $2,000 invested at 6% interest for 4 years?arrow_forwardNo ai ..??? 7. Calculate the return on investment (ROI) for a $10,000 investment that yields $12,000 after 1 year.arrow_forward
- No ai gpt...???8. What is the weighted average cost of capital (WACC) for a company with 50% equity (cost 10%) and 50% debt (cost 6%)?arrow_forwardNo ai ..??10. A retirement account earns an annual interest rate of 5%. If you contribute $4,000 per year for 6 years, what will be the total value of the account after 6 years?arrow_forward10. A retirement account earns an annual interest rate of 5%. If you contribute $4,000 per year for 6 years, what will be the total value of the account after 6 years? give me solution..,??arrow_forward
- No AI If an investment grows from $2,000 to $2,500 in three years, what is the compound annual growth rate (CAGR)?arrow_forwardA bond has a face value of $1,000 and a coupon rate of 6%. What is the annual interest payment?need help!!arrow_forward7. If an investment grows from $2,000 to $2,500 in three years, what is the compound annual growth rate (CAGR)? no gpt correct answer no ai ..,??!arrow_forward
- College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College PubAuditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage LearningPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College
- Cornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning


