finacial systems
An organization establishes a system of internal control to help it manage many of the risks it faces, such risks are classified as follows:- * Inherent Risk * Control Risk * Detection Risk Establishing an internal control is the responsibility of the management, the elements (components) of internal control framework are the following:- * Control environment * Risk Assessment * Control Activities * Information & Communication * Monitoring
Distinguish between internal audit and internal control.
false
good environment control
why is it necessary for the auditor to assess the internal contol processess
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
COSO's Internal Control Framework is a set of guidelines that helps organizations design, implement, and conduct internal controls to achieve their objectives. It consists of five components: control environment, risk assessment, control activities, information and communication, and monitoring. Organizations use this framework to improve operations, manage risks effectively, and ensure reliable financial reporting.
An organization establishes a system of internal control to help it manage many of the risks it faces, such risks are classified as follows:- * Inherent Risk * Control Risk * Detection Risk Establishing an internal control is the responsibility of the management, the elements (components) of internal control framework are the following:- * Control environment * Risk Assessment * Control Activities * Information & Communication * Monitoring
An organization establishes a system of internal control to help it manage many of the risks it faces, such risks are classified as follows:- * Inherent Risk * Control Risk * Detection Risk Establishing an internal control is the responsibility of the management, the elements (components) of internal control framework are the following:- * Control environment * Risk Assessment * Control Activities * Information & Communication * Monitoring
Distinguish between internal audit and internal control.
integrated disease managementEffective control of a particular disastrous disease, or all the common diseases of a plant can be achieved by using all relevant, appropriate methods of disease control. Such an approach of disease control is called ''integrated disease management.
Change requests generated as a result of monitoring and control activities become an input the Perform Integrated Change Control Process
Change requests generated as a result of monitoring and control activities become an input the Perform Integrated Change Control Process
there are how many GAO internal control standards?
Which of the following is a type of "detective" internal control
what is the internal control system of Nigerian churches