Question: when performingan integrated audit the auditing identified and tested the following control. control: monthly basis the staff accountant reviews and approves the balance sheet fluctuations

when performingan integrated audit the auditing identified and tested the following control. control: monthly basis the staff accountant reviews and approves the balance sheet fluctuations discussed in the meeting with each Department Head and counselor. is the design of the control in the scenario deficient. select the correct option.?

1 .

yes because this staff accountant would not have the proparate level of authority to perform the control.

2 .

yes because the staff accountant also documents the balance sheet fluctuation discuss creating a segregation of duties issue.

3 .

no because the control is the meeting itselfnot the review and approval of fluctuation by the staff accountant.

4 .

no because the controller and the department heads attend the meeting and discuss the fluctuations which are then approved

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