When considering the internal control for inventory with respect to segregation

When considering the internal control for inventory

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46. When considering the internal control for inventory with respect to segregation of duties,an auditor would be least likely to: A. inspect documents. B. make inquiries. C. observe procedures. D. consider policy and procedure manuals 42. The following are steps in the audit process: I. prepare flowchart. II. gather exhibits of all documents. III. interview personnel. The most logical sequence of steps is:
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43. The auditor's understanding of the client's internal control is documented to substantiate: 44. After the auditor has prepared a flowchart of the accounting system and control procedures surrounding sales, and assessed the design of the system, the auditor would perform tests of controls for all control procedures: than high. 45. Which of the following internal control features would an auditor be least likely to review? A. Segregation of the asset-handling and record-keeping functions. B. Company policy regarding credit and collection efforts. C. Classification of sales and cost records by products. D. Authorisation of additions to plant and equipment. 46. When considering the internal control for inventory with respect to segregation of duties, an auditor would be least likely to:
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47. In the weekly computer run to prepare payroll cheques, a cheque was printed for an employee whose employment was terminated the previous week. Which of the following controls, if properly used, would have been most effective in preventing this error or ensuring its prompt detection? and compared to the payroll sheets. for the processing of the payroll.
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  • Three '11
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