Jim has two bank accounts, one for payroll and one for processing other transactions at CondoCleaners.com. He will have sales transactions (credit card deposits from the credit card service provider), payroll transactions for his employees, and expense cheques from himself, costs for suppliers and equipment, salary and bonus cheques to him-self, and bank charges.
REQUIRED
a. Describe the internal and external documentation that will likely be available for the audit of CondoCleaners.com.
b. For each of the seven methods of evidence collection, provide an example of an audit step that you could use for the audit of the cash transactions or balances at Condo Cleaners.com.