Types of Internal Control Deficiencies
23.5 هزار بار بازدید -
5 سال پیش
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For publicly-traded companies in the
For publicly-traded companies in the United States, both the company's management and the external auditor are required to assess the effectiveness of the company's internal controls. A control deficiency is said to exist when the design or the operation of a control does not prevent or detect material misstatements. Thus, control deficiencies can be grouped into 2 general types:
Deficiencies of design occur when (a) the control is missing or (b) the control is not properly designed.
Deficiencies of operation occur when the control is not properly applied (perhaps because an employee was improperly trained).
More severe control deficiencies are significant deficiencies and material weaknesses.—
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Deficiencies of design occur when (a) the control is missing or (b) the control is not properly designed.
Deficiencies of operation occur when the control is not properly applied (perhaps because an employee was improperly trained).
More severe control deficiencies are significant deficiencies and material weaknesses.—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*Patreon: prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast...
* Spotify: https://open.spotify.com/show/4WaNTqV...
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* TikTok: prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: Facebook: Edspira
* Instagram: Instagram: edspiradotcom
* LinkedIn: LinkedIn: edspira
—
CONNECT WITH MICHAEL
* Twitter: Twitter: Prof_McLaughlin
* LinkedIn: LinkedIn: prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
5 سال پیش
در تاریخ 1398/06/24 منتشر شده
است.
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