Control using the attributes

i.Whoname the title of the control performer and control reviewer

ii.Whatdescribe the control activity

iii.Whenindicate the frequency:transactional, daily, weekly, monthly, quarterly, semi-annually, or annually

iv.Howcite the "precision," such as "all," "amounts over $100k," etc.

v.Whymention the top down, risk based reason for the control.

For financial engagements, mention the relative financial statement assertion.

For non-financial engagements, mention the key performance indicators.

Control: The office and storage cabinet must be secure and access restricted to only authorized employees whose job responsibilities require them to enter the office and/or cabinet. The office manager should only have access to the locked office, and shift managers should have a key for the storage cabinet.

The office manager should daily perform a 2-way reconciliation of the: daily sales with the daily inventory usage. Discrepancies greater than $25 must be investigated and resolved. The office manager should perform an investigation if any documents are missing or unpermitted access to the office is suspected.

1. [INITIATION]

2. [CONTROL PERFORMERS]

3. [CONTROL REVIEWER]

4. [DOCUMENT RETENTION]