How do you implement controls risk managment?

Last Answer : You can go to irs.gov and use your debt repayment calculator. You can also go to your banking institution and have them use their repayment calculator as well

What factors can cause controls that are established and implemented for a prolonged period to lose their effectiveness in the composite risk management process?

Description : What factors can cause controls that are established and implemented for a prolonged period to lose their effectiveness in the composite risk management process?

Last Answer : Need answer

Which of the following statements would least likely appear in an auditor's engagement letter? a. Our engagement is subject to the risk that material errors, fraud, and defalcations, if they exist, will not be detected. b. During the course of our audit we may observe opportunities for economy in, or improved controls over, your operations. c. After performing our preliminary analytical procedures we will discuss with you the other procedures we consider necessary to complete the engagement. d. Fees for our services are based on our regular per diem rates, plus travel and other out-of-pocket expenses

Description : Which of the following statements would least likely appear in an auditor's engagement letter? a. Our engagement is subject to the risk that material errors, fraud, and defalcations, if they exist, ... services are based on our regular per diem rates, plus travel and other out-of-pocket expenses

Last Answer : After performing our preliminary analytical procedures we will discuss with you the other procedures we consider necessary to complete the engagement.

In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in the organization. b. Greater for employee fraud because of the higher crime rate among blue collar workers. c. Greater for management fraud because of management's ability to override existing internal controls. d. Greater for management fraud because managers are inherently smarter than employees.

Description : In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in ... existing internal controls. d. Greater for management fraud because managers are inherently smarter than employees.

Last Answer : Greater for management fraud because of management's ability to override existing internal controls

The risk that the audit will fail to uncover a material misstatement is eliminated a. When the auditor has complied with generally accepted auditing standards. b. If a client has strong internal controls. c. If a client follows generally accepted accounting principles. d. Under no circumstances

Description : The risk that the audit will fail to uncover a material misstatement is eliminated a. When the auditor has complied with generally accepted auditing standards. b. If a client has strong internal controls. c. If a client follows generally accepted accounting principles. d. Under no circumstances

Last Answer : Under no circumstances

In the preparation of an audit program, which of the following items is not essential? a. Assessment of inherent risk b. The preparation of a budget identifying the costs of resources needed c. A review of material from prior audits d. An understanding of controls established by management

Description : In the preparation of an audit program, which of the following items is not essential? a. Assessment of inherent risk b. The preparation of a budget identifying the costs of resources needed c. A review of material from prior audits d. An understanding of controls established by management

Last Answer : The preparation of a budget identifying the costs of resources needed

An auditor is required to obtain a basic understanding of the client's internal control to plan the audit. The auditor may then decide to perform tests of controls on alinternal control procedures a. That would aid in preventing fraud. b. Documented in the flowchart. c. Considered to be weaknesses that might allow errors to enter the accounting system. d. Considered to be strengths for which the auditor desires further reduction in the assessed level of control risk.l

Description : An auditor is required to obtain a basic understanding of the client's internal control to plan the audit. The auditor may then decide to perform tests of controls on all internal control ... to be strengths for which the auditor desires further reduction in the assessed level of control risk.

Last Answer : Considered to be strengths for which the auditor desires further reduction in the assessed level of control risk.

Which of the following is true? a. Auditors are responsible for detecting all fraudulent financial reporting. b. Auditors must specifically consider fraud risk from overstating liabilities. c. Auditors must specifically consider fraud risk from management override of controls. d. All of the above are true

Description : Which of the following is true? a. Auditors are responsible for detecting all fraudulent financial reporting. b. Auditors must specifically consider fraud risk from overstating liabilities. c. Auditors must ... consider fraud risk from management override of controls. d. All of the above are true

Last Answer : Auditors must specifically consider fraud risk from management override of controls.

Inherent risk is defined as the susceptibility of an account balance or class of transactions to error that could be material assuming that there were no related internal controls. Of the following conditions, which one does not increase inherent risk? a. The board of directors approved a substantial bonus for the president and chief executive officer, and also approved an attractive stock option plan for themselves. b. The client has entered into numerous related party transactions during the year under audit. c. Internal control over shipping, billing, and recording of sales revenue is weak. d. The client has lost a major customer accounting for approximately 30% of annual revenue.

Description : Inherent risk is defined as the susceptibility of an account balance or class of transactions to error that could be material assuming that there were no related internal controls. Of the following ... . d. The client has lost a major customer accounting for approximately 30% of annual revenue.

Last Answer : Internal control over shipping, billing, and recording of sales revenue is weak.

In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in the organization. b. Greater for management fraud because of management's ability to override existing internal controls. c. Greater for employee fraud because of the higher crime rate among blue collar workers. d. Greater for management fraud because managers are inherently smarter than employees

Description : In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in the ... blue collar workers. d. Greater for management fraud because managers are inherently smarter than employees

Last Answer : Greater for management fraud because of management's ability to override existing internal controls

For a particular assertion, control risk is the risk that a. Controls will not detect a material misstatement that occurs. b. Audit procedures will fail to detect a weak control system. c. The prescribed control procedures will not be applied uniformly. d. A material misstatement will occur in theaccounting process

Description : For a particular assertion, control risk is the risk that a. Controls will not detect a material misstatement that occurs. b. Audit procedures will fail to detect a weak control system ... procedures will not be applied uniformly. d. A material misstatement will occur in theaccounting process

Last Answer : Controls will not detect a material misstatement that occurs

Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. b. Analytical procedures used as risk assessment procedures use data aggregated at a high level. c. Analytical procedures can replace tests of controls in gathering audit evidence to support the assessed level of control risk. d. Analytical procedures usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Description : Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. ... usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Last Answer : Analytical procedures used as risk assessment procedures use data aggregated at a high level.

In the planning stage of an audit engagement, the auditor is required to perform audit procedures to obtain an understanding of the entity and its environment, including its internal control. These procedures are called a. Substantive tests b. Tests of controls c. Risk assessment procedures d. Dual-purpose tests

Description : In the planning stage of an audit engagement, the auditor is required to perform audit procedures to obtain an understanding of the entity and its environment, including its internal control. These ... a. Substantive tests b. Tests of controls c. Risk assessment procedures d. Dual-purpose tests

Last Answer : Risk assessment procedures

How could we implement vegetarian listings on menus?

Description : How could we implement vegetarian listings on menus?

Last Answer : I’ve seen a “V” or a code symbol on some restaurant menus; also a heart for heart healthy dishes.

What is this lawn care implement called?

Description : What is this lawn care implement called?

Last Answer : A weedeater or string timmer.

How will they implement new cost for obese people?

Description : How will they implement new cost for obese people?

Last Answer : GQ. Many just ask height and weight, while most are requiring medical examination. Although the actual guidelines vary from insurance company to insurance company, most use a patient’s BMI to determine whether or not they are to be considered obese.

If you could take any element from a video game and implement it into real life, how would you do so?

Description : If you could take any element from a video game and implement it into real life, how would you do so?

Last Answer : Super Mario Bros. I wish I could jump into a pipe and teleport to another location when I’m in an embarrassing situation.

How to implement a JavaScript code that doing "Set as my Home Page" in Google Chrome?

Description : How to implement a JavaScript code that doing "Set as my Home Page" in Google Chrome?

Last Answer : So, you’re saying the JavaScript code for doing this works in IE and Firefox, but not Chrome? That’s weird. Let me see if I can find a script for you.

When will Canada and The U.S. have to implement Austerity measures?

Description : When will Canada and The U.S. have to implement Austerity measures?

Last Answer : Luckily we waste so much money on the military we can slash the fuck out of that for a long time before people will care. No need to cut social programs while the Pentagon bankrupts the country.

How can I implement in my small web site company how many members are observing each page right now?

Description : How can I implement in my small web site company how many members are observing each page right now?

Last Answer : I've seem people use the window.onbeforeunload event to do this. A common problem with this method is a script not finishing in time. You can use the event to open a new web page that runs a ... , but never sends display information. That way you don't have to worry about your function being killed.

When the stresses of your personal life affect your work performance, what tactics do you implement to prevent productivity from taking a complete nose dive?

Description : When the stresses of your personal life affect your work performance, what tactics do you implement to prevent productivity from taking a complete nose dive?

Last Answer : The more stressed I am then the more regimented I get with my food and exercises which makes my moods optimum even (for me) and helps me sleep more often to offset the dregs of what stress leaches ... or all giddy for some reason that I'll go lax with food, forego sleep and neglect my exercises.

How can one implement a successful strategy process?

Description : How can one implement a successful strategy process?

Last Answer : Yes they can through careful planning and strong follow through.

Have you ever wanted the authority to create and implement a legal punishment for an act you felt was offensive to society?

Description : Have you ever wanted the authority to create and implement a legal punishment for an act you felt was offensive to society?

Last Answer : I hate that trend myself. I wouldn’t go so far as police brutality, but I would advocate tripping them. ^_^

Is Obama to the point in his administration where he can finally implement his own policies, instead of constantly cleaning up after Bush?

Description : Is Obama to the point in his administration where he can finally implement his own policies, instead of constantly cleaning up after Bush?

Last Answer : I think it’s going to be a long time before we’re done cleaning up after Bush’s mess. Really, it’s normal for a president’s policies during his term to have long-lingering effects. In many ways we’re still dealing with Ronald Reagan’s messes.

How can I implement a Seinfeldian Chain on my website?

Description : How can I implement a Seinfeldian Chain on my website?

Last Answer : Never heard of the Seinfeldian Chain until now, even though have been practicing it all my life. Want my honest opinion? It sounds to me like the whole I don't use paper, I want it online argument is simply a ploy ... ) works is 1) it's simple, 2) it's easy, and 3) it's visible. Just do it.

Embarking on millennia-long journeys - What are the main obstacles to implement embryo space colonization missions?

Description : Embarking on millennia-long journeys - What are the main obstacles to implement embryo space colonization missions?

Last Answer : Lack of embryo concent.

It will be a tough year of transition for the Tampa Bay Buccaneers with the loss of a coach, many key players & two star running backs doubtful. What strategies do they need to implement to have a successful 2009 season in the NFC South?

Description : It will be a tough year of transition for the Tampa Bay Buccaneers with the loss of a coach, many key players & two star running backs doubtful. What strategies do they need to implement to have a successful 2009 season in the NFC South?

Last Answer : They need to find a franchise quarterback. They’ve been having quarterback carousels/controversies for as long as I can remember.

Which rule implement for axes Nomenclature? a.Left-hand rule b.Right-Hand Rule c.Thumb Rule d.None of the above

Description : Which rule implement for axes Nomenclature? a.Left-hand rule b.Right-Hand Rule c.Thumb Rule d.None of the above

Last Answer : b.Right-Hand Rule

A recently purchased implement for brushing away floor dirt invariably effaces the dirt most efficiently. What is the proverb? -Riddles

Description : A recently purchased implement for brushing away floor dirt invariably effaces the dirt most efficiently. What is the proverb? -Riddles

Last Answer : A new broom sweeps clean.

Who refuse to implement the Interim Government Plan as proposed in the Cabinet Mission Plan? -SST 10th

Description : Who refuse to implement the Interim Government Plan as proposed in the Cabinet Mission Plan? -SST 10th

Last Answer : The Viceroy refused to implement the Interim Government Plan as proposed in the Cabinet Mission Plan.

First company to implement full-time work from home -Do You Know?

Description : First company to implement full-time work from home -Do You Know?

Last Answer : Twitter was the first company to implement full time work form home

Binance Support Number 1**866308**O156 more instant Resolution with Binance Tech-Support Number +1-866-308-0156 to implement them?

Description : Binance Support Number 1**866308**O156 more instant Resolution with Binance Tech-Support Number +1-866-308-0156 to implement them?

Last Answer : Binance Support Number 1866308O156 more instant Resolution with Binance Tech-Support Number +1-866-308-0156 to implement them. Binance Support Number 1866308O156 more instant Resolution with Binance Tech- ... -Support Number +1-866-308-0156 to implement them.Binance Support Number 1866308O156 more

How to implement pay per view access restrictions for ppv video hosting platform?

Description : How to implement pay per view access restrictions for ppv video hosting platform?

Last Answer : For this purpose you will have to use a software like StreamingVideoProvider. With this pay per view video streaming platform, you can easily implement access restrictions and set a rate plan. I have ... Provider for the last 2 years and believe that it is the easiest platform for video hosting.

What smartphone feature would you be excited for a company to implement ?

Description : What smartphone feature would you be excited for a company to implement ?

Last Answer : Common apps to leverage work for a technology company are EmailAnalytics: team's email activity, for productivity KPIs, emails sent, emails received and average email response time and reports. ... online, get online invoicing, checkout, card reader on the go transactions and tracking payments

How do you implement binary search code in visual basic?

Description : How do you implement binary search code in visual basic?

Last Answer : The optimal binary search algorithm uses a sorted array as thedata container. Define the range to be searched using a half-closedrange of indices [begin:end). Initially, this will be thehalf- ... range is either empty or invalid(begin>=end), so the value does not existReturn not_foundEnd Function

What would happen if each state could implement the bill of rights as they see fit?

Description : What would happen if each state could implement the bill of rights as they see fit?

Last Answer : Each state can’t because we have a federal government with theconstitution and Bill of Rights.

What did the song dynasty implement to create a meritocracy?

Description : What did the song dynasty implement to create a meritocracy?

Last Answer : Changes that the Song dynasty implement to create a meritocracywere that they brought religion into the civil service examinationsthat were to be taken in order to work for the government such asquestions on Confusious' teachings, Daoism, and Buddhism

How do you implement symbol tables in c?

Description : How do you implement symbol tables in c?

Last Answer : Symbol tables are implemented as a hierarchical tree of scopes,with the global scope serving as the root. All names declared atglobal scope are listed in the root. Global function names areimplemented as child ... isn't found, the name was not declared so the compilation hasto fail at that point.

How do you implement Dijkstra's algorithm in c language?

Description : How do you implement Dijkstra's algorithm in c language?

Last Answer : /* Dijkstra's Algorithm in C *//* Source: w w w . c o d e w i t h c . c o m / d i j k s t r a s- a l g o r i t h m - i n - c#include#include#include#include#include#define IN 99#define N 6int ... [j++] = start+65;start = prev[start];}path[j]='\0';strrev(path);printf("%s", path);return dist[target];}

What is the best way to implement changes to the house policy?

Description : What is the best way to implement changes to the house policy?

Last Answer : Write a letter to congress men.

Is it important that ideas at work include practical ways to implement them.?

Description : Is it important that ideas at work include practical ways to implement them.?

Last Answer : Yes it is. Not only do you come up with important ideas at workbut you need to have a way to execute or make them work

What is the dictionary meaning or denotation of the word implement?

Description : What is the dictionary meaning or denotation of the word implement?

Last Answer : What is the answer ?

Did Calvin and his supporters implement his ideas?

Description : Did Calvin and his supporters implement his ideas?

Last Answer : Need answer

Why is it necessary to develop and implement performance plans in accordance with organisation and goals and objectives?

Description : Why is it necessary to develop and implement performance plans in accordance with organisation and goals and objectives?

Last Answer : Need answer

What color war policy did president Truman implement to carry out this pledge?

Description : What color war policy did president Truman implement to carry out this pledge?

Last Answer : Need answer

Is it important that ideas at work include practical ways to implement them.?

Description : Is it important that ideas at work include practical ways to implement them.?

Last Answer : Yes it is. Not only do you come up with important ideas at workbut you need to have a way to execute or make them work

Who decides implement split MOPP?

Description : Who decides implement split MOPP?

Last Answer : Installation Commander

How do you implement controls risk managment?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Answer :

Please log in or register to add a comment.

Related questions