3 paragraphs found
Misappropriation of assets involves the theft of an entity’s assets and is often perpetrated by employees in relatively small and immaterial amounts. However, it can also involve management who are usually more able to disguise or conceal …
… High vulnerability to rapid changes, such as changes in technology, product obsolescence, or interest rates. … rates or employment of staff in accounting, information technology or the internal audit function that are not … Inadequate management understanding of information technology, which enables information technology employees …
… and automated procedures and controls. When information technology is used in the financial reporting process, …