WEEK 1 HOMEWORK, Bburt - Week 1 Homework Auditing 1 1M Beverly Burt Everest University Instructor Professor Battaglia Instructions Using a word

WEEK 1 HOMEWORK, Bburt - Week 1 Homework Auditing 1 1M...

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Week 1 Homework Auditing 1 – 1M Beverly Burt May 28, 2017 Everest University Instructor: Professor Battaglia Instructions:Using a word processing program, write a two-to-three-page response to the following:3-57, Brown Company Scenario3-59, Authorizations3-60, Segregation of Dutiespg. 1
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Week 1 Homework 3-57, Brown Company Scenario. Brown Company provides office support services for more than 100 small clients. These services include supplying temporary personnel, providing monthly bookkeeping services, designing, and printing small brochures, copying and reproduction services, and preparing tax reports. Some clients pay for these services on a cash basis, some use thirty-day charge accounts, and others operate on a contractual basis with quarterly payments. Brown’s new office manager was concerned about the effective-ness of control procedures over sales and cash flow. At the man-ager’s request, the process was reviewed by conducting a walkthrough. The following facts were identified. Review the identified facts (listed as A through L) and complete the following.a. What is a walkthrough, and why would it be useful for assessing controls over sales and cash flow? b. List at least eight elements of ineffective internal control at Brown Company.
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Week 1 Homework
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