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An Internal Control Evaluation Tool For Property Expenditures

Author

Listed:
  • Lou X. Orchard
  • Jeffrey L. Decker
  • Tim G. Kizirian

Abstract

This paper presents a previously unpublished tool for conducting the initial assessment of internal control objectives and activities for the expenditures cycle of companies with income-producing properties. Variations of this tool are used by Certified Public Accounting firms in their independent audits of such companies. We discuss the tool’s potential usefulness to both independent auditors and executives of such companies, as well as the tool’s place within the existing literature on internal control. How the quality of the tool could be assessed is also discussed

Suggested Citation

  • Lou X. Orchard & Jeffrey L. Decker & Tim G. Kizirian, 2019. "An Internal Control Evaluation Tool For Property Expenditures," Accounting & Taxation, The Institute for Business and Finance Research, vol. 11(1), pages 59-70.
    • Handle: RePEc:ibf:acttax:v:11:y:2019:i:1:p:59-70
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    References listed on IDEAS

    as
    1. Masako Darrough & Rong Huang & Emanuel Zur, 2018. "Acquirer Internal Control Weaknesses in the Market for Corporate Control," Contemporary Accounting Research, John Wiley & Sons, vol. 35(1), pages 211-244, March.
    2. Todd D. Kravet & Sarah E. McVay & David P. Weber, 2018. "Costs and benefits of internal control audits: evidence from M&A transactions," Review of Accounting Studies, Springer, vol. 23(4), pages 1389-1423, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Internal Control; Expenditures; Income Producing Properties;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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