Question: You are tasked with testing the operating effectiveness of the following internal control : All payments are supported by a voucher package consisting of a

You are tasked with testing the operating effectiveness of the following internal control:

All payments are supported by a voucher package consisting of a purchase order, receiving report, and invoice.

Answer the following questions:

  1. What is the assertion(s) that are associated with this internal control?
  2. What is the population you should pull the sample from?
  3. What would be evidence of an appropriately operating internal control?
  4. What would be evidence of a deviation in the operating effectiveness of the internal control?

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