To assign binary numbers to the state we’ve to think about the minimum number of bits. Now, consider the subsequent present state ‘b’ and compare it with other current states. While doing so, you’ll find the next state and the …
It arises when inner controls are ineffective, improperly designed, or not carried out correctly. Understanding and assessing control threat is essential in the auditing course of, as it helps auditors decide the nature, timing, and extent of their audit procedures. …