acct612 week 6 discussion latest 2016 august
Question # 00354943
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Updated on: 08/06/2016 04:30 AM Due on: 08/06/2016
Week 6 discussion
SOX Emphasis on Internal Control
SOX focused the auditors' and users' attention on internal control. Was SOX correct in identifying internal control as the solution to management fraud? Are the additional requirements to report separately on internal control necessary? Will these requirements make the auditor more focused on internal control than before?
Understanding Internal Control
The book explains that there are several methods to understand and document internal control such as questionnaires, flowcharts, and narratives. When should each of these methods be used? Do you see a benefit of using one of these methods over the others? Why? Which one would you prefer as an auditor?
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Solution: umuc acct612 week 6 discussion latest 2016 august