Internal control

For each of the following examples, select the type of internal control activity which it represents.Monthly management accounts are compared to budget and differences investigated.

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Purchasing 1.For each of the following examples, select the type of internal control activity which it represents.Monthly management accounts are compared to budget and differences investigated. A Authorisation B Performance review C Information processing 2. Numerical sequence checks are undertaken on goods received records. D Authorisation E Performance review F Information processing 3. The auditor … Read more

Describe the internal control , the objective of the control and how the control relates to the accounting records

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GO TO A STORE (Retail or Grocery) AND SHOP FOR INTERNAL CONTROLS The students are to go a local store and observe the internal controls in action in a business. The student is to describe the internal control , the objective of the control and how the control relates to the accounting records. Please indicate … Read more