Class asingment Study guides, Class notes & Summaries

6-1 What are management's incentives for establishing and maintaining strong internal control? What are the auditor's main concerns with internal control? Management's incentives for establishing and maintaining strong internal control are that the information needs to be safeguarded and the information system needs to generate reliable information for decision making. If the information is unreliable then management may not be able to make informed decisions on product pricing, cost of ...