Flowchart Purchasing Process-Identification of Controls & Weaknesses Wood Manufacturing (30 pts) Name: ______________________ Last 5 CUNY ID: _____

Identify the Controls and Weaknesses in the accompanying flowchart (Purchases/Payables/Payments) attached as done in class over the past few weeks. Indicate the importance of the control or severity of any weaknesses and how you would test the controls or overcome the weaknesses that you identify in the flowchart for your audit: List any and all ASSUMPTIONS (if any) you may have below: (assumptions should be logical given the scenarios presented

Controls Name: ______________________ Last 5 CUNY ID: _______

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A Concise Description of the Control Identified Indicating the Design Characteristic that will be tested (the Implementation of Functioning)

Importance of the Control to the Audit

How the Control will be Tested During the Current Audit