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Fight Fraud With Board Oversight and Strict Internal Controls (NY)

/ Owner - August 1, 2018

As auditors, we’re required by professional standards to make certain inquiries of the boards in connection with our audit. One of the topics we discuss is their internal control procedures. We assess the risk of material misstatements in the financial statements and consider the co-op or condo’s internal controls as we plan our audit. We do not, however, express an opinion on the effectiveness of those controls.    Read the article………………

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