69 resultados para Portfolio of controls

em Iowa Publications Online (IPO) - State Library, State of Iowa (Iowa), United States


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An investigation of financing an inspection policy while allowing the enforcement of a market regulation is described. A simple model shows that the intensity of controls depends on the market structure. Under a given number of firms, the per-firm probability of controls is lower than one, since firms’ incentive to comply with regulation holds under positive profits. In this case, a lump-sum tax is used for limiting distortions coming from financing with a fixed fee. Under free entry, the per-firm probability of controls is equal to one, and only a fixed fee that prevents excess entry is used to finance inspection.

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The purpose of the audit is to provide a report to management of the adequacy of controls employed to manage this work area. Where appropriate, recommendations and comments are provided for management consideration. Consideration is given to compliance with applicable policies and procedures, both federal and state. Economy and efficiency of operations are considered to the degree feasible but are not primary objectives.