Question: For each scenario identify the control and the assertion 1) Sales invoices are independently verified for correctness 2) A paymaster who has no other payroll
For each scenario identify the control and the assertion
1) Sales invoices are independently verified for correctness
2) A paymaster who has no other payroll responsibility distributes the payroll checks
3) All weekly time records of employees must be approved by a supervisor on the production floor
4) Every sales invoice gets matched with a shipping document
5) Before any credit sale is processed, it must be approved by an officer in the credit department
6) Input into the system of price and quantity on a sale is checked by a second person
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