Auditing class (accounting). I am writing a paper that relates to auditing in restaurants. please describe 5 or 6 internal controls found in restaurants. For each internal control describe and name it's relevant financial statement accounts, Relevant Management Asserations and Possible Tests of Control.

 

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Internal Controls 1. Name of internal control – description of internal control. a. Relevant Financial Statement Accounts - list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests 2. Name of internal control – description of internal control. a. Relevant Financial Statement Accounts – list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests 3. Name of internal control - description of internal control. a. Relevant Financial Statement Accounts – list of all relevant financial statement accounts b. Relevant Management Assertions - list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests 4. Name of internal control – description of internal control. a. Relevant Financial Statement Accounts – list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control - list of all relevant tests 5. Name of internal control - description of internal control. a. Relevant Financial Statement Accounts - list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests Internal Controls 1. Name of internal control – description of internal control. a. Relevant Financial Statement Accounts - list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests 2. Name of internal control – description of internal control. a. Relevant Financial Statement Accounts – list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests 3. Name of internal control - description of internal control. a. Relevant Financial Statement Accounts – list of all relevant financial statement accounts b. Relevant Management Assertions - list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests 4. Name of internal control – description of internal control. a. Relevant Financial Statement Accounts – list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control - list of all relevant tests 5. Name of internal control - description of internal control. a. Relevant Financial Statement Accounts - list of all relevant financial statement accounts b. Relevant Management Assertions – list of all relevant management assertions c. Possible Tests of Control – list of all relevant tests

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1 Payroll and staff documents Relevant financial statement Income statement and balance sheet Management assertions Have proper hiring procedures and ... View the full answer