Question: 1. If detective controls signal errors, why shouldn't they automatically make a correction to the identied error? Why a separate corrective control necessary? 2. Most

1. If detective controls signal errors, why
1. If detective controls signal errors, why shouldn't they automatically make a correction to the identied error? Why a separate corrective control necessary? 2. Most accounting rm allow married employees to work for the firm. However, they do not allow an employee to remain working for them if he or she marries an employee of one of their auditing clients. Why do you think this policy exists? 3. According to auditing standards, the proper segregation of functions is an effective internal control procedure. Comment on the exposure (if any] caused by combining the tasks of paycheck preparation and dis tribution to employees

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!