ALOR SETAR: A former Kedah Football Association (KFA) accounts officer was jailed three days by a...

 

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ALOR SETAR: A former Kedah Football Association (KFA) accounts officer was jailed three days by a Sessions Court for three counts of falsifying documents to receive RM76,026 in salaries meant for 14 Super League players. Izhan Abdullah Sani, 45, was also fined a total of RM19,000 after he pleaded guilty to committing the offences at the KFA office in Jalan Stadium between July and September 2007. He admitted falsifying salary slips of the players for July and August 2007 by including his name as one of the players to draw a salary of RM5,817 each month. Izhan was also charged with forging the salary slips of three imported players for September that year by including his name on the slips to obtain a total of RM64,392 from their salaries. He was also jailed a day and fined RM5,000 in default three months' jail for the third offence. MACC deputy public prosecutor Fieza Fazlin Fandi said Izhan who was responsible for preparing the salary slips for the players, had in July and August 2007, prepared a statement which was signed by KFA treasurer and two vice-presidents. The statement was then amended with reduced payments of between RM200 and RM1,000 made out to 14 players. In September that year, Izhan attempted to obtain RM64,392 which was the total amount of wages for three Kedah imported players, by preparing a statement for the amount to be paid out to him. Izhan was represented by Sharif Mat. Source: https://www.thestar.com.my/news/community/2012/04/24/ REQUIRED: (a) Identify TWO (2) control procedures breached by the Kedah Football Association (KFA) AND suggest a better procedure, for each. (6 Marks) Explain THREE (3) test of controls that could be performed by the auditor to assess the (b) reliability of KFA's internal control. (6 Marks) (c) Explain TWO (2) major functions that are normally part of payroll transactions. (4 Marks) (d) Identify THREE (3) management assertions about classes of transaction AND describe the relevant audit procedures that could be performed by the auditor in the audit of KFA's payroll. Organize your answer in the following format: (9 Marks) ASSERTIONS E.g. Payroll transactions are recorded on the correct dates (Cut-off/Timing) 1. AUDIT PROCEDURES Compare date on pay check with the check cleared by bank. 2. 3. 3 ALOR SETAR: A former Kedah Football Association (KFA) accounts officer was jailed three days by a Sessions Court for three counts of falsifying documents to receive RM76,026 in salaries meant for 14 Super League players. Izhan Abdullah Sani, 45, was also fined a total of RM19,000 after he pleaded guilty to committing the offences at the KFA office in Jalan Stadium between July and September 2007. He admitted falsifying salary slips of the players for July and August 2007 by including his name as one of the players to draw a salary of RM5,817 each month. Izhan was also charged with forging the salary slips of three imported players for September that year by including his name on the slips to obtain a total of RM64,392 from their salaries. He was also jailed a day and fined RM5,000 in default three months' jail for the third offence. MACC deputy public prosecutor Fieza Fazlin Fandi said Izhan who was responsible for preparing the salary slips for the players, had in July and August 2007, prepared a statement which was signed by KFA treasurer and two vice-presidents. The statement was then amended with reduced payments of between RM200 and RM1,000 made out to 14 players. In September that year, Izhan attempted to obtain RM64,392 which was the total amount of wages for three Kedah imported players, by preparing a statement for the amount to be paid out to him. Izhan was represented by Sharif Mat. Source: https://www.thestar.com.my/news/community/2012/04/24/ REQUIRED: (a) Identify TWO (2) control procedures breached by the Kedah Football Association (KFA) AND suggest a better procedure, for each. (6 Marks) Explain THREE (3) test of controls that could be performed by the auditor to assess the (b) reliability of KFA's internal control. (6 Marks) (c) Explain TWO (2) major functions that are normally part of payroll transactions. (4 Marks) (d) Identify THREE (3) management assertions about classes of transaction AND describe the relevant audit procedures that could be performed by the auditor in the audit of KFA's payroll. Organize your answer in the following format: (9 Marks) ASSERTIONS E.g. Payroll transactions are recorded on the correct dates (Cut-off/Timing) 1. AUDIT PROCEDURES Compare date on pay check with the check cleared by bank. 2. 3. 3

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a There are two types of internal control breach which lies in the Kedah Football Association i Performance Rewiews The first breach in this segment was that company did not make any performance revie... View the full answer