Financial Education - Limited information concerning accounting periodssteemCreated with Sketch.

in hive-175254 •  last year 

It is presumed that the weaknesses that arise due to the limited information concerning the accounting exercises through the private assistance of a public accountant, are due to the assumptions that the top management is not provided with all the financial information of the entity.

Source ( freshbooks )

Therefore, there are certain gaps in the recording of the financial actions in the accounting books and therefore in the treatment of the information, since it is observed that the financial information is not clarified according to the record of accounting processes.

Likewise, it is presumed that in the few occasions in which an audit process is carried out on the entity's financial instruments, these lack valuation judgments that allow measuring, analyzing, communicating and controlling the appropriate management of financial operations in order to make the right decisions.

Likewise, it is inferred that the accounting policies assumed in terms of quality control in the audit processes developed are not adequate.

Source ( patriotsoftware )

That is to say, it is required that they are based on criteria of responsibility by means of actions that can be verifiable, so that the analysis of the financial operations is more useful for the purposes of investment projects.

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