Question: no handwritten answer please, I can't read hand writings so please just type. thanks Root Ltd is an Australian supermarket, retail and consumer services chain,

no handwritten answer please, I can't read hand writings so please just type. thanks

no handwritten answer please, I can't read handno handwritten answer please, I can't read hand
Root Ltd is an Australian supermarket, retail and consumer services chain, headquartered in Melbourne. You are working on the audit of Root Ltd and have just completed an evaluation of controls in the cash receipts area. You note the following key controls as part of your evaluation: . All cash handling is independent of accounting functions . Cash receipts are matched to specific sales invoices before being posted to the accounts receivable master file . There is an independent check that cash receipts are recorded in the correct account . There is a comparison of deposit slips, pre-lists and the posting to the cash receipts journal . There is a policy of depositing cash receipts each day. Required: For each of these controls: 1. Identify the key assertion at risk. 2. Provide an example of one procedure that could be used to test the control.Control All cash handling is independent of accounting functions Cash receipts are matched tn specific sales invnicee before being posted to the accnunts receivable master le There is an independent check that cash receipts are recorded in the correct account There is at comparison of deposit slips. pre-lists and the posting to the cash receipts journal there is a policy of depositing cash receipts each dew Assertion Test of control

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