Steps for

Internal Control Design

Scroll down to complete all parts of this task.

Nyx$,$ Inc. is a mid$-$sized manufacturing company. The company uses separate fixed asset and

general ledger systems.

The auditors of Nyx received the included flowchart. darr The flowchart outlines the fixed asset

requisition, receipt, and financial closing processes for depreciable assets. The company's policy

is to capitalize all assets over $$500.$

For each of the numbered control points in the flowchart, click in the associated cell in the table

below and select from the option list provided the most appropriate control to mitigate risk at

that point in the process. An option may be used once or not at all.