(PDF) CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions Review Questions _ Ike S - (PDF CHAPTER 13 CONDUCTING THE ASSURANCE

(PDF) CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions Review Questions _ Ike S

This preview shows page 1 - 5 out of 15 pages.

10/22/2019 (PDF) CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions Review Questions | Ike Sulaili Sofiyanti - … 1/15 PDF CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions Review Questions or download with email I. So±yanti Download with Google Download with Facebook READ PAPER LOG IN SIGN UP CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Il… DOWNLOA
Image of page 1
10/22/2019 (PDF) CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions Review Questions | Ike Sulaili Sofiyanti - … 2/15 CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Il… DOWNLOA
Image of page 2
10/22/2019 (PDF) CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions Review Questions | Ike Sulaili Sofiyanti - … 3/15 CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Il… DOWNLOA
Image of page 3
10/22/2019 (PDF) CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions Review Questions | Ike Sulaili Sofiyanti - … 4/15   CHAPTER 13 CONDUCTING THE ASSURANCE ENGAGEMENT Illustrative Solutions a.   Identify Possible Risk Outcomes.  By definition, risks represent a range of possible outcomes. While such outcomes typically are measured in financial terms, there may be other risk outcomes that either do not lend themselves to financial measurement or are more severe than the financial impact. For example, the safety of employees may be more severe than potential fines or penalties due to safety violations. Similarly, the impact of failure to protect the privacy of customer data may be more severe than the cost to recover or protect such data. b.   Understand Established Tolerance Levels.  Once the different risk outcomes are determined, discussions can be held with process management to identify tolerance levels that they have already established. Such levels may be reflected in documentation of key performance measures individual performance goals, or in other communications. c.   Assess Tolerance Levels for Outcomes that Have Not Been Established.  To the extent that established tolerance levels do not comprehensively address all possible risk outcomes, discussions should be held with process management to determine appropriate tolerance levels. Questions to facilitate this discussion include:   How much variability can you or senior management tolerate relative to the achievement of process objectives?
Image of page 4
Image of page 5

You've reached the end of your free preview.

Want to read all 15 pages?

  • Fall '19
  • a_s

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors