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3. Test of Controls (20 marks) You are working on the audit of Starburst Ltd and have just completed an evaluation of the controls in
3. Test of Controls (20 marks) You are working on the audit of Starburst Ltd and have just completed an evaluation of the controls in the cash receipts area. You note the following key controls as part of your evaluation: 1. Allcashhandlingisindependentoftheaccountingfunction'scash(5marks) 2. Cashreceiptsarematchedtospecificsalesinvoicesbeforebeingpostedtothe accounts receivable master file (5 marks) 3. Thereisindependentcheckthatcashreceiptsarerecordedinthecorrect account (5 marks) 4. Thereisapolicyofdepositingcashreceiptseachday(5marks) Required Provide an example of each procedure that could be used to test the control for each of the key controls identified above? Question 4. Completion a
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