"How does management ensure that information is being accessed only by authorized and relevant employees?” under the risks and control issues of financial reporting process?"

2. What fundamental ethical principles for accountants are most applicable and is there an apparent conflict between them?

Why is an auditor’s independence so essential?

Dicuss some current trends in financial risk management?

Which of the following questions would an auditor likely include on an internalcontrol questionnaire for notes payable?(1) Are assets that collateralize notes payable critically needed for the entity’s continued existence?(2) Are two or more authorized signatures required on checks that repay notes payable?(3) Are the proceeds from notes payable used for the purchase of noncurrent assets?(4) Are direct borrowings on notes payable authorized by the board of directors?

Discuss the Financial statement Auditing Environment?

Refer to Wiley GAAP 2020: Interpretation and Application of Generally Accepted Accounting Principles, pages 2-25. Answer and discuss the following: When drafting financial statements, provide what the term "materiality" means and its importance. Include an understanding of the changes to "materiality" made in 2018 by the Financial Accounting Standards Board that makes the term consistent with the United States Supreme Court interpretation.

What should auditors do if during a review of financial statementsthey discover that applicable accounting standards are not being followed?

Discuss Controlling. Discuss the importance of two basic types of financial statements.

What are the behavioural aspect of participation of a management accountant in the budgeting process.