Consider the list of internal controls presented in the narrative. For each one, discuss: a. Whether it
Question:
Consider the list of internal controls presented in the narrative. For each one, discuss:
a. Whether it is primarily preventive / detective / corrective in nature.
b. Which of the four purposes of internal control it is designed to achieve.
Control | ||
Asset tracking | ||
Cash handling | ||
Employee expense reimbursements | ||
Employee manual | ||
Information technology | ||
Payroll processing | ||
Staff meetings |
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