7 (11 MARKS) When internal auditors report audit findings there are certain attributes, for each finding, that needs to be taken into account. These attributes are: 123456 1. Criteria 2. Condition 3. Cause 4. Effect 5. 6. Recommendation Action taken The ten sentences which follow are extracts from an internal auditor's working papers. 1. 2. 3. 4. 5. 6. After the bank reconciliation was made, four bank errors that had gone undetected for as long as five months were disclosed. In the future the accountant will check and approve monthly bank reconciliations. It is company policy for the accounting department to make monthly reconciliations of all bank accounts. The bank statements and cancelled cheques are delivered to the accounting department on the 5th of each month. The clerk responsible, for doing bank reconciliations, does not really know how to complete bank reconciliations. We found that the last reconciliation of the payroll account had been made six months before the date of our audit. 7. The difference between the balance per bank statement and the ledger account was R12 876 A test of 437 transactions showed that 25 were incorrect. 681 9. 10. We discussed the matter with the manager of the accounting department and he issued instructions that the bank and ledger accounts promptly be reconciled. Before we completed our audit the accounts were reconciled. 11. The manager of the accounting department had given a low priority to bank reconciliations. REQUIRED: Determine for each of the sentences the attribute best presented by that sentence