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View stunning SlideShares in full-screen with the new Android app!View stunning SlideShares in full-screen with the new iOS app!
A process designed by, or under supervision of principal executive & principal financial officers . . . To provide reasonable assurance regarding reliability of financial reporting, preparation financial statements in accordance with GAAP
Section 13(b)(2)(B) of 1934 Securities Exchange Act requires issuers to devise, maintain system of internal accounting controls sufficient to provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements in accord with GAAP.
Test less (decrease sample size) Test more (increase sample size) Extent Test at interim dates Test at balance sheet date Timing Use less persuasive tests (documentation) Use more persuasive tests (confirmation) Nature