belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:7| Question number:7.5
Management must document its assessment of internal control. What would such documentations include?
Documentation would include the design of the controls management has placed in operation to adequately address identified financial reporting risks. Also include information such as policy manuals, process models, flowcharts, job descriptions, documents, and forms
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Documentation would include the design of the controls management has placed in operation to adequately address identified financial reporting risks. Also include information such as policy manuals, process models, flowcharts, job descriptions, documents, and forms
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