Solution-How does an auditor evaluate these controls

How does an auditor evaluate these controls

Assignment Help Accounting Basics

Reference no: EM131321647

Sarbanes Oxley requires that per Section 404 that Internal Controls within a publicly held company are to be reviewed, evaluated and tested at year end to insure that adequate controls are in place.

In addition to understanding the Internal Controls present within your client's company, the auditor must also evaluate whether these controls are in place, and implemented.

How does an auditor evaluate these controls to see that they are working and in place?

Reference no: EM131321647

Questions Cloud

Investors expect computech to begin paying dividends : NONCONSTANT GROWTH Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $0.50 comin..

Implement your simple class to represent any household item : Design and implement your own simple class to represent any household item of your choice (toaster, fan, hair dryer, piano ...) Your class should have a constructor, one additional method and at least one member variable.

What are matter de broglie waves : What are Matter (de Broglie) Waves? If matter has a wave nature, why is this wave-like characteristic not observable in our daily experiences? How can matter have a dual wave-particle nature? (300 words)

Importance of the electronic claims submission process : In a well-developed essay, analyze and reflect upon the importance of the electronic claims submission process and how the medical coder can help to ensure accuracy when claims are submitted

How does an auditor evaluate these controls : In addition to understanding the Internal Controls present within your client's company, the auditor must also evaluate whether these controls are in place, and implemented - How does an auditor evaluate these controls to see that they are working ..

Why measurement important in testing of research hypotheses : Describe in your own words the meaning of Figure. Why is measurement so important in the testing of research hypotheses?

Magnitude of the force experienced : Two positive charges, Q1=16.2 C and Q2=25.1 C are placed a distance d=43.6 cm apart The magnitude of the force experienced by Q1 due to the charge Q2 is F=1.9226e13 N

Evaluate a specific derivative contract : Evaluate a specific derivative contract. Outline short- and long-term trading patterns in the specific contract. Explain factors that are currently affecting this derivative contract and specific risks and potential benefits to investing in this deri..

Write java program that prints asks the user to enter value : Write a Java program that prints asks the user to enter a positive value (1 less than or equal to 200) and print each number up to that line, 1 per line with the following changes (SNAP CRACKLE POP).

User Account

All Pages

How does an auditor evaluate these controls

Reference no: EM131321647

Reference no: EM131321647

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT