1. Describe, in detail, the controls over personnel and payroll, fixed assets, or long-term debt. Only post on one of the three topics given. Your initial post should be approximately 250-500 words and cite at least one reference used in preparing your response.

Participate in follow-up discussion by commenting on your classmates’ posts or responding to follow-up questions posted by your instructor. All posts should be grammar and spell checked in Word. Please type answer thank you and remember to cir\te a reference.

2. Question 6–15. Identify the general objectives of the auditors’ substantive procedures with respect to any major asset category.

Answer rating: 100% (QA)

1 Control of fixed assets means proper approval process purchase process recording process capitalisation process physical verification process deprec... View the full answer