solution 13-26 - " Chapter_13_Soluiian_Manu3| 14:15:15...

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Unformatted text preview: " Chapter_13_Soluiian;_Manu3| (2003-09-21 14:15:15) - Windows lnternei Explorer Learn at HF‘ at - le fiblfii 5% & lag EYouTube~AmSha-Men.. Squeegee-noes. x lgchaptE'5_Snlifmfian...-‘ I a “'3’“? El ' fl ' @Pem' @7995' )) w 13-27 PAPER AUDIT “ML? TEST OF CONTROL 5. Yes Account for numbers included in the sequence to determine that all documents are there. b. Yes Examine invoices for controller's approval. c. No’ Observe the cashier preparing the deposit slip and E delivering the deposit to the bank. d. Yes Examine sales invoice for initials. e. Yes Examine a sample of bank reconciliations for indication that the wntmller prepared each one. t. No Observe whether the supervisor is present and penorming his responsibilities at the time employees check in. g. No’ Observe president's secretary opening mail and prelisting cash receipts Also examine existence of prelisting. * The primary concern in these mo items is the separation oi duties rather than lite existence of the deposit slip and preiisting. The primary test of control procedure must therefore be observation. hfipcvirwwyahooxunflfrzfptbrmgr 0 Internal i Protected Mode: On Q 100% V ": auditing an.“ .. El chapter {2| chapterll . solut ...
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