A senior auditor completed a preliminary survey of certain marketing activities of a company. The following situations
Question:
A senior auditor completed a preliminary survey of certain marketing activities of a company. The following situations were disclosed:
1. Billings from the advertising agency for insertions in magazines and newspapers are approved for payment without adequate review by advertising department personnel.
2. Purchases of advertising materials and artwork are made by one employee of the advertising department.
3. Company-owned materials such as artwork, furniture, company products, and other items used for photographic sets are retained by the advertising agency.
Required:
For each of the three situations, prepare four audit steps to be included in the audit program.
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