The management responsibility to detect
and prevent fraud and error is accomplished
by
a. Having an annual audit of financial
statements.
b. Implementing adequate quality control
system.
c. Implementing adequate accounting
and internal control system.
d. Issuing a representation letter to the
auditor.
and prevent fraud and error is accomplished
by
a. Having an annual audit of financial
statements.
b. Implementing adequate quality control
system.
c. Implementing adequate accounting
and internal control system.
d. Issuing a representation letter to the
auditor.