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Can a audit be qualified based on internal control on financial reporting?
Can not answer this question - reword it.
Who must establish internal controls based on documented risk assessment?
Assessable Unit Manager
How does the legislation affect the internal audit process?
The two pieces of legislation that have probably had the greatest effect on internal audit are the Foreign Corrupt Practices Act of 1977, which changed the reporting relationships and authority of internal audit and Sarbanes Oxley Act of 2002 which requires certain tests be performed on publicly traded companies. Both have changed the function of internal audit. Many other pieces of legislation also affect internal audit, some are industry specific some are more broad based.
How Internal audit is different from Risk based internal audit?
A risk base internal audit is latest approach to ensure best practices aiming at maximizing the impact of audit by focusing on the major strategy ,regulatory, financial and operation risk that confront an organization while internal audit is traditional independent examination of financial and operation of an organization to ensure economic,effective and efficiency utilization of an organizations resources
System based audit?
Systems Based Auditing (SBA) was developed during the late 1960s and early 1970s. Before SBA was invented the auditing methods in use were in the main reactive, a prime example is the infamous transaction testing audit method known as 'tick and turn'. Although SBA has been in use for over 40 years, there are still misconceptions about what SBA is. SBA is an audit methodology designed to check upon the adequacy and effectiveness of internal controls in both financial and non-financial systems
What is Financial aid that is given based on a family's financial background called?
need-based
Decisions favorable to social legislation were based on the police power of the states?
No, the decisions favorable to social legislation were not based on the police power of the states. These decisions were based on the needs of the people within the states.
Name four primary components of the bank secrecy act?
A system of internal controls, including risk-based policies and procedures; designated individual responsible for compliance; ongoing training; and independent testing.
Meaning of Fee based and fund based financial services?
Fee based financial services charge a fee to the person using their services. Fund based financial services retained a certain portion of the equities purchased.
What Controls what goes in and out of the cell?
The cell membrane controls what goes in and out of the cell. It is a selectively permeable barrier that allows certain substances to pass through while preventing others from entering or leaving the cell. This helps maintain the internal environment of the cell.
Is Mizuho Financial Japanese?
Mizuho Financial is based in Japan
What country is Mizuho Financial in?
Mizuho Financial is based in Japan
