Organization Order Of Investigation And Evaluation Of The Inner System Control

Shavkat Ilkhamov ()
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Shavkat Ilkhamov: Tashkent state University of Economic

European Journal of Business and Economics, 2011, vol. 2, issue 0, 33-35 volume1: 2

Abstract: The existence of weaknesses in the internal control system should concern auditors because it provides an indication of risk that a material misstatement in the annual or interim financial statements will not be prevented or detected by the system of internal controls. Therefore, the knowledge of a problem in the internal controls should cause auditors to adjust their risk assessment and/or level of testing. If so, risk-adjusted audit pricing should yield higher audit fees for companies with problems ineffective disclosure controls.

Keywords: Accountingaccounting records; arithmetic checking; audit risk; financial control; internal control; system control (search for similar items in EconPapers)
JEL-codes: M4 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aad:ejbejj:v:2:y:2011:i:0:p:33-35

DOI: 10.12955/ejbe.v2i0.98

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