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Who signs and submits the Air Force's annual statement of assurance to the Secretary of Defense on the Air Force's internal controls?
Wiki User
∙ 11y ago
The Comptroller of the Air Force. His/Her official title is Assistant Secretary of the Air Force for Financial Management and Comptroller. Currently, it is Dr. Jamie Morin.
Wiki User
∙ 11y ago
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What are the obligations of federal agencies with regard to internal controls?
Assess and document their internal controls over financial reporting. Document their assessment of the effectiveness and reliability of those internal controls. Provide a separate assurance statement
How often do Heads of reporting organizations must prepare a statement of assurance on the status of internal controls?
5 years
Who signs and submits the Air Force's annual statement of assurance to the Secretary of Defense on the Air Force's internal controls.?
The Comptroller of the Air Force. His/Her official title is Assistant Secretary of the Air Force for Financial Management and Comptroller. Currently, it is Dr. Jamie Morin.
Who signs and submits the air forces annual statement of assurance to the Secretary of defense on the air forces internal controls?
The Comptroller of the Air Force. His/Her official title is Assistant Secretary of the Air Force for Financial Management and Comptroller. Currently, it is Dr. Jamie Morin.
How does internal audit help in promoting ethic in organizations?
Gives assurance to internal controls and provides recommendations on identified opportunities for improvement
Is bank statements considered as bank reconciliation statement?
All of the following requirements about internal controls were enacted under the Sarbanes- Oxley Act except; independent outside auditors must attest to the level of internal control. independent outside auditors must eliminate redundant internal controls. companies must develop sound internal controls over financial reporting. companies must continually assess the functionality of internal controls.
Which statement is true regarding Office of Management and Budget OMB A-123 in developing internal controls?
All of the above
Is this statement true or false Internal controls are necessary when there is a separation of ownership from management. What is the meaning of this statement?
i have the exact same question in my accounting assignment. somebody help.
What is a Procedural Audit?
Procedural Audit is a means of testing whether controls are in place and are been followed. Evaluating the effectives of the design and implementation of internal controls, to detect and prevent material mis-statement.
What is the mandate of internal auditors?
Internal auditors identify control problems and develop solutions for improving and strengthening internal controls. Internal auditors are concerned with the entire range of an organization's internal controls
What does internal control evaluation entail?
Internal control evaluation involves assessing the design and effectiveness of a company's internal controls to ensure that resources are safeguarded, financial reporting is accurate, and operations are efficient. This process typically includes identifying key controls, testing them to ensure they are operating effectively, and addressing any weaknesses or deficiencies found. The goal is to provide assurance that the organization's objectives are being achieved and that risks are being managed effectively.
What is the different between consulting and assurance services provided by internal auditing?
Assurance services verify validity while consulting services make recommendations.
