Essay Available:
Pages:
1 pages/≈275 words
Sources:
2
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.68
Topic:
Business Venture Strategy and the Impact of Audit Plans
Essay Instructions:
Discussion 1:
Create a scenario where external auditors determined that a company's internal controls were deficient, but such a deficiency might not mean that a material weakness existed.Ascertain the impact on the audit plan if additional deficiencies are discovered on other related internal controls.
Support your position.
Discussion 2:
Identify the one to four levels (Seed, Series A, Series B, and Series C) of financing that you expect your company will need.Outline a strategy for obtaining each level for your business venture.
My business venture is in regard to the food industry.
Essay Sample Content Preview:
Discussions
Students Name
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Discussions
Discussion 1:
The scenario here is that a lender needed company "B" to have an audit conducted on the company's financial statement. This particular company's accounting department workers are mostly entry-level workers; this means learning more and gaining more expertise while performing duties in the accounting department. The management is supposed to supervise, guide, and enforce the GAAS on the entry-level staff accountants as they work; however, there is a lack of management to do the same. Even with the absence of proper management and workers at the entry-level, the presentation on the internal control was prepared correctly and appropriately (Donelson, 2017). I believe that material weakness cannot exist just because of a deficiency in a corporation's internal control. The reasons are that if the company has at least an individual that formulates their financial statements accordingly and keeps an eye on the GAAS...
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