Explain how the internal controls of a company can impact the overall business.

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July 23, 2020
Evaluate how teamwork and leadership are effective tools for financial forensic investigations. Provide support for your evaluation.
July 23, 2020

Explain how the internal controls of a company can impact the overall business.

Key Assignment DraftChoose a publicly traded company and research its annual report. (If you cannot find it online, you can go to the U.S. Securities and Exchange Commission Web site and locate a copy). These results have been audited, but for this exercise, they will be viewed as if they have not.Read the annual report and any other news items involving the company, and then complete the following tasks: Create a framework for your audit procedure using the Audit Risk Approach. Your framework should include the following:o At least 3 examples of how you would mitigate risk in your audito At least 3 accounts or areas that you would focus your attention on for this audito An outline of tests and procedures that you would employ based on your companyo A detailed analysis of the sampling techniques that you would utilize for each of the 3 accounts or areas that you choseo An explanation of the type(s) of documentation that you would require as audit evidence Discuss the levels of assurance that can be provided on audit reports. Explain how the internal controls of a company can impact the overall business.o Define 2 internal control areas that you would focus on with your business.