2007_internal_control_purchasing_and_cash_disbursements_cycle Team B

2007_internal_control_purchasing_and_cash_disbursements_cycle Team B

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Date: Sat, 19 JAN 2008 00:35:24 +0000 From: "Darlene Wardlaw" <[email protected]> Subject: Purchasing Cycle Bridge Working Paper I am glad that you don’t mind working on Saturdays. Welcome to “Busy Season!” Similar to what you did with the Revenue Cycle, I want you to prepare a bridge working paper for the audit of Apollo Shoes as of December 31, 2007, listing the major errors that could occur in the purchasing system and to describe the test of controls procedures for auditing related purchasing controls to determine whether reliable control exists. I don’t think that Apollo has enough purchase transactions that we need to rely on the controls (in other words, we’ll look at them all), but we need to document our finding for our 404 work: 1. In the first column, use an index number (S-# or W-#) to indicate potential strength or weakness. If you have time , you may want to prepare a purchasing cycle flowchart. Not required, but could be helpful. 2.
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This note was uploaded on 09/14/2010 for the course ACC 429 taught by Professor Whitehurst during the Spring '10 term at Chattanooga State.

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2007_internal_control_purchasing_and_cash_disbursements_cycle Team B

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