Sentence examples for control audit from inspiring English sources

A senior project manager cited the highly public immediate dismissal of a direct report who had fudged a quality control audit and then lied about it.

Further, we expect investor reactions will be magnified as the percentage of a company excluded from an internal control audit increases.

However, the small- and medium-sized businesses that make up the majority of companies in the middle of the food supply chain do not have the resources for management control, audit or proactive data seeking that are required.

A key innovation in this study is that we exploit a regulatory exemption that allows companies the option to exclude acquired operations from an internal control audit in the year of acquisition.

Even though these large companies would seemingly have high quality financial reporting ex ante, we find that investors react negatively if these companies exclude a portion of their operations from their internal control audit.

With respect to our hypotheses, we find that companies that exclude acquired operations from the internal control audit experience negative and statistically significant abnormal returns on the day that the opt-out decision is revealed (i.e., the Form 10-K release date).

Prior studies on internal control audits have generally investigated small public companies around the size-cutoff ($75 million in market capitalization) for mandated internal control audits.

Aside from the PCAOB's recent focus and inspection efforts on internal control audits, regulators have continually reduced the scope and extent of mandated internal control audits.

Importantly, because the extent of internal control audits is associated with future restatements, reductions in mandated internal control audits may have a negative impact on future reporting quality.

If regulation did not require large U.S. companies to have internal control audits, would investors demand this external assurance?

This previous design choice is likely due to the lack of identified variation in internal control audits within larger companies.