The following procedures pertain to the production process. For each of them: (a) Identify the control objective
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Question:
The following procedures pertain to the production process. For each of them:
(a) Identify the control objective
(b) Suggest an example deviation
1) Obtain a sample of closed production cost sheets. Scan them for omitted numbers in the sequence.
2) Obtain a sample of material issue slips. Examine them for the name/number of the material.
3) Obtain a sample of material issue slips. Examine them for the supervisor’s initials.
4) Obtain a sample of material issue slips. Examine them for the issue date/materials used report date.
5) Obtain a sample of summary journal entries from items in work-in-process. Trace them to the control account.
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