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What is management override

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What is management override and do you think that it is an issue that can be easily controlled? Why or why not?

I am including a link to an AICPA publication that discusses management override and what audit committee's can do address the risk. There are also great sections on ethical challenges that management faces.

(http://www.aicpa.org/ForThePublic/AuditCommitteeEffectiveness/DownloadableDocuments/achilles_heel.pdf)

Please note the following sections
These sections highlight ethical challenges management faces:
Page 17 (of the pdf file): Communication with Compensation Committee
Page 17 (of the pdf file): Communication with Key Employees

The following sections list ethical challenges that management faces (in the form of questionnaires):
Page 21 (of the pdf file): Incentive of Pressures on Management
Page 23 (of the pdf file): Opportunities Management can Exploit
Page 25 (of the pdf file): Attitudes or Rationalizations Exhibited by Management

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What is management override and do you think that it is an issue that can be easily controlled? Why or why not?

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Management override can be termed as actions/decisions taken by the managers or management which are contrary to the internal control policies of the organization. Managers/management intervene in the handling of financial information by thinking that they have the ability to engage in such violation ...

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Sandeep Bardia, MBA
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  • MBA, Rochester Institute of Technology
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