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Define each control in terms of the types and category of controls, control procedure and test procedure Control Type: Preventive/Detective Control Category: Automated/Manual Control Procedure:
Define each control in terms of the types and category of controls, control procedure and test procedure Control Type: Preventive/Detective Control Category: Automated/Manual Control Procedure: Inquiry, Examination, Observation, Reperformance Test Procedure: Please explain how to test the control.
- The receivable aging report is reviewed on a monthly basis and used to monitor unpaid debts for more than 60 days."
- Monthly reports are reviewed by the sales manager to what extent the sales team has improved their sales compared to the last year."
- The use of usernames and passwords restricts access to the electronic payment system."
- Before sending the payment order to the bank, the signatures of two authorized persons are taken.
- Changes made on the customer database appear on the screen of the data owner the next morning as a list."
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