What are important detective controls for cash disbursements?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Reconciliation and monitoring 1 Bank statements must be reconci...View the full answer
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
Question Posted:
Students also viewed these Auditing questions
-
What is the difference between preventive controls and detective controls? Give an example of each.
-
Which of the following is NOT a process in feasibility study? a. Production b. Market Analysis c. Idea generation O d. Business Plan
-
What controls are most important when a company develops or changes computer software?
-
Landry State University, a public university located in Louisiana, has a June 30 fiscal year. On July 20 of the current year, Landry State University receives $2,125,000 in payments from the U.S....
-
An element has three naturally occurring isotopes with the following masses and abundances: Isotopic Mass (amu) Fractional Abundance 27.977.. 0.9221 28.976.. 0.0470 29.974.. 0.0309 Calculate the...
-
What is your opportunity cost of reading a novel this evening?
-
What are some of the advantages and disadvantages of using online recruitment?
-
Using the payroll register from 6-2A for Charles' Cleaners, complete the General Journal entry for the employees' pay for the July 12 pay date. Paychecks will be issued in the future.
-
Famighetti Company's income statement for the most recent year appears below: Sales (20,000 units)... Less: Variable expenses. Contribution margin.. Less: Fixed expenses.. Net operating loss.. 1. The...
-
Find the equilibrium concentration of defects for T = 0, 200, 400, 600, 800, 1000, and 1200 K if the energy to form a defect is 1 eV/atom. Assume A is unity. Graph your results. For T = 1200 K, how...
-
How do auditors and managements concerns differ regarding purchase discounts?
-
What control purposes and management assertions are supported by reconciling vendor invoices and statements to accounts payable subsidiary ledger records?
-
Ka for acetic acid at 25.0oC is 1.754 105. At 50.0oC, Ka is 1.633 105. What are Ho and So for the ionization of acetic acid?
-
Based on Byrons forecast, if NinMount deems it has acquired control of Boswell, Nin-Mounts consolidated 2009 depreciation and amortization expense (in millions) will be closest to: A. 102. B. 148....
-
Based on Ohalins estimates, the amount of joint venture net income included on the consolidated financial statements of each venturer will most likely be: A. higher for BetterCare. B. higher for...
-
Redlines consolidated gross profit margin for 2007 would be highest if Acceletron accounted for inventory using: A. FIFO, and its functional currency were the US dollar. B. LIFO, and its functional...
-
In response to the boards first question, Templeton would most likely reply that such a change would be justified if: A. the inflation rate in the United States became hyperinflationary. B....
-
Based on Ohalins estimates, the amount of joint venture revenue (in $ millions) included on BetterCares consolidated 2010 financial statements should be closest to: A. $0. B. $715. C. $1,430....
-
Design the logic for a program that outputs every even number from 2 through 100.
-
What are current assets and current liabilities? How are they different from non-current assets and non-current liabilities?
-
What is the name for a diagram of who eats whom in a community?
-
Wade Corporation has been your audit client for several years. At the beginning of the current year, the company changed its method of inventory valuation from average cost to last in, first out...
-
The auditors know that the clients accounting for deferred income taxes is not in accordance with generally accepted accounting principles, but because of a very significant scope limitation they...
-
Section 404 of the Sarbanes-Oxley Act of 2002 includes two sections. Describe those sections.
-
A farmer used to sell a carton of eggs for $2.50 each. At this price, the farmer used to sell an average of 2,500 cartons of eggs per month. When the farmer raised the price to $3.20, sales dropped...
-
You pay $32,000 today (t=0) and obtain (purchase) a 9 percent annuity (r=0.09) with 24 annual payments (you will receive 24 payments). The first payment on the annuity is made in two years (t = 2)....
-
The bank loan schedule for financing the new office requires $1,600 payment at the beginning of each month for 2 years, starting in 18 months later. However, interest on the bank loan still charges...
Financial Freedom Secrets Start Today And Finish Rich 1st Edition - ISBN: 979-8414502579 - Free Book
Study smarter with the SolutionInn App