What do you believe are the most effective audit procedures to use to identify executive compensation abuse or fraud? Support your opinions and recommended audit procedures.
audit procedures to use to identify executive compensation abuse or fraud
The most effective audit procedures to use to identify executive compensation abuse or fraud are:-
1. Inquiring management and others within the entity
The auditor shall make inquiries of management regarding :-
2. Inquiring with Those charged with governance
3.Unusual or unexpected relationships identified
4. Evaluation of fraud risk factors
What do you believe are the most effective audit procedures to use to identify executive compensa...
There are 8 dimensions of effective Microsystems. Which two (2) do you believe are the most important and why? Please provide examples to illustrate your position. Don’t forget to cite sources to support your position.
Identify and define policies and procedures that deter occupational fraud/misappropriation of assets. Which one do you feel is most important? Why?
The following audit procedures are included in the audit program of Holland Equipment, Inc. 1. Use audit software to examine journal entries in the sales, cash receipts, purchases, cash disbursements, payroll, and general journals for any amounts exceeding $1 million and for any entries with unusual account codings. Review related supporting documentation for reasonableness. 2. Examine the estimate for the Allowance for Doubtful Accounts recorded in the prior-year audited financial statements. Obtain information about receivable writeoffs recorded during the current...
Do you believe internal audit should have a greater role in fraud detection? why or why not?!
What conflict resolution techniques do you believe would be the most effective in a cross-departmental or cross-function team? How would you alter these techniques for a virtual team?
Identify and define policies and procedures that deter occupational fraud/misappropriation of assets. Which one do you feel is most important? Why?
Which form of policing (in Law Enforcement) do you believe to be the most effective? Why? Justify your response with empirical evidence
Identify an element of the Healthy Work Environment. Which standard do you believe would be the most challenging for the unit to embrace? What interventions would be recommended to facilitate adoption of the standard?
Executive compensation has received significant media attention over the past several years. What do you think is the most effective way to compensate top leadership in an organization? Leverage your book and outside resources to present your proposal.
1) Identify audit tests that may be used as alternative audit procedures when a response is not received for a positive confirmation request. Compare and contrast the quality of audit evidence yielded by these procedures with that produced by audit confirmation procedures. 2) Is it appropriate for audit firms to sharply discount their professional fees for development stage companies? Why or why not? What problems, if any, may this practice pose for audit firms? 3) Should audit firms accept “ethically...