If detective controls signal error flags, why shouldn’t these types of controls automatically make a correction in the identified error? Why are corrective controls necessary?
Discuss the non accounting services that external auditors are no longer permitted to render to audit clients.
Discuss whether a firm with fewer employees than there are incompatible tasks should rely more heavily on general authority than specific authority.
An organization’s internal audit department is usually considered an effective control mechanism for evaluating the organization’s internal control structure. The Birch Company’s internal auditing function reports directly to the controller. Comment on the effectiveness of this organizational structure.