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Accounting
works at EY

Can someone please explain what design attributes are when testing controls?

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  1. EY 2

    There's a special place in hell reserved for the asshole who invented internal controls testing.

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  2. EY 1

    They are the specific step by step details of the control that the control owner performs to meet the objective of the control. Based on the design attributes, we create our testing attributes, to then test that each of the design attributes of the control were performed by the control owner.

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  3. EY 2

    It takes bean counting to the extreme and says not only must we accountants count them beans, but we gotta be sure the guy doing the counting of them beans did it in just such a perfect way that even though we independently recounted the beans he counted and we got the same total as him, we gotta make sure there's no way he (and we?) miscounted. The argument that a company could have a clean substantive audit and fail on an internal controls (integrated) audit and we'd ding them in the opinion letter, is simply maddening. #KillSOX. #FAKEaccountingwork

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  4. RSM 1

    ^ yep. Think of it as the theory behind the execution of the control.

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