Sentences With management override of controls

• In addition, because of inherent limitations in internal control, including the possibility of management override of controls, misstatements due to error or fraud may occur and not be detected by suc
• No matter how strong the controls are found to be, some substantive procedures need to be carried out due to the risk of management override of controls, collusion, etc.
• Tests of controls alone generally will not reduce audit risk to anappropriately low level because of the risk of management override of controls; therefore, tests ofcontrols alone are generally not su
• You may also learn about periods where unusual activities took place during the year indicating an increased risk of management override of controls.
• Auditing standards require that we consider the inherent risk of the potential for management override of controls.
• Perform procedures to address the risk of management override of controls.
• In many cases, improper purchases will involve collusion, management override of controls, or lax authorization and approval processes.
• The most prevalent means for committing fraud is an override of internal controls by management, especially senior management.
• The risk that senior management might override important financial controls to manipulate financial reporting is also a key area of focus in fraud risk assessment.
• Additionally, management may override controls over software sales contracts, as seen in the case of Computer Associates International, when material contracts were backdated to manipulate sales.
• Fraud risk assessment should consider the potential override of internal controls by management as well as areas where controls are weak or there is a lack of segregation of duties.
• These factors mean that there is a greater risk of misstatement in revenue balances, either by fraud or error, including through the potential override of controls by management.
• Additionally, controls can be circumvented by the collusion of two or more people or inappropriate management override of internal control.
• BT Group chairman, to conduct a detailed independent review to determine how the collusion and override of controls within our Italian business remained undetected, while management conducted its own
• As in all of our audits, we also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a
• Perform three additional procedures to deal with the risk of management override of internal controls: Examine journal entriesandother adjustments for evidence of possible material misstatement due to