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Business, 11.02.2022 03:50 erickcastillo9124

Management’s attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would significantly influence an entity’s control environment when:. i. External policies established by parties outside the entity affect its accounting practices.
ii. Management is dominated by one individual who is also a shareholder.
iii. Internal auditors have direct access to the board of directors and the entity’s management.
The audit committee is active in overseeing the entity’s financial reporting policies.

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