Assignment Papers-understanding of identifying control deficiencies.
- understanding of identifying control deficiencies.
- Describe the function of how internal controls reduce risk and how would you design controls to reduce risk?
- Demonstrate control with in a risk matrix. Students will understand the development and purpose of internal control policies and procedures.
- How would you design internal controls to reduce risk? What potential failure points can put controls at risk? Provide examples from you sample publicly traded company.
- Provide examples of the different material weakness and significant deficiency; compare and contrast these two types.
- Create and demonstrate a matrix of likelihood and magnitude of risk associated with internal control risk. Assign your examples to the matrix and support.
- Demonstrate a top down risk based approach with examples.
