Fill the blanks

1.The names of thetwo documents that Accounting Staff will reconcile when preparing a Sales Invoice are a( ) anda( ).

2.The name of the internal control that is typically put in place to ensure that credit card usage is within required limits is a/ an [control]. ( )

3.Thetwo audit procedures that anauditor could use to test controls when there is no documented audit trail are:( )or( ).

4.Which of the following is not part of the internal control system: commitment to competence; risk assessment; monitoring of controls; the legal environment; or segregation of duties?

Answer:The item from the above list that is not part of the internal control system is [item]. ( )

5.Which one of the following audit procedures would not be used to test internal controls: inspection, observation, external confirmation, reperformance, inquiry?

Answer: The procedure listed abovethat would not be used to test internal controls is [procedure]. ( )