Problem
Use the Text: "Auditing and Assurance Services, An Integrated Approach". Arens/ Elder/ Beasley.
Select 2 questions from each chapter and answer IN YOUR OWN WORDS, do not copy from the text.
CHAPTER 10:
• List and explain the primary objectives of effective internal control.
• Compare management versus auditor responsibilities related to internal control.
• Explain the 5 components of the COSO internal control framework.
• Explain the phases of a financial statement audit.
• Explain the evaluating system for significant control deficiencies.
• Explain the Learning Objective 8.
CHAPTER 11:
• Explain Learning Objective 1.
• Give some examples for the above question #1.
• List some controls that reduce fraud risks.
• Explain how you can detect fraud.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.