7 paragraphs found
… Controls over the completeness and accuracy of information produced by the entity may be relevant to the audit if the auditor …
… An entity’s business processes are the activities designed to: Develop, purchase, produce, sell … Ensure compliance with laws and regulations; and Record information, including accounting and financial reporting … the transactions that are recorded, processed and reported by the information system. Obtaining an understanding of the …
… Much of the information used in monitoring may be produced by the entity’s information system. If management assumes …
… The financial report may contain information that is obtained from outside of the general and … Information disclosed in the financial report that is produced by an entity’s risk management system. Fair value …
… objectives. The likelihood of their achievement is affected by the inherent limitations of internal control. These … operation of a control may not be effective, such as where information produced for the purposes of internal control (for example, …
… Further, manual controls may be independent of IT, may use information produced by IT, or may be limited to monitoring the effective …
… through policy statements and codes of conduct and by example. Commitment to competence . Competence is the … of practice and other laws and regulations or guidance produced for the benefit of those charged with governance. … on or understanding of internal control. New or revamped information systems. Significant and rapid changes in …