Control procedures consist of practices and procedures in addition to the control environment, established to achieve certain specific objectives. For each of the procedures listed below, explain the purpose of the control procedures and state the tests of control you would perform to confirm that the control objective was being achieved,

a) The preparation of a reconciliation statement

b) The maintenance of a fixed assets register. c) The existence of passwords in a micro-computer accounting system.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below a The purpose of the reconciliation sta... View the full answer