One of the points from the internal audit indicated the following: service invoices for some repairs to equipment were not signed or linked to a purchase order. there was no check that the work had actually been carried out. you are required to come up with a procedure to maintain an appropriate audit trail to ensure this does not happen in the future. you need to ensure you accurately track all expenses to identity discrepancies between agreed and acutal expenses.

Answer rating: 100% (QA)

The organization has to prepare the financial statement to know the exact financial position The sta... View the full answer