For the control matrix that is provided to you, you will do the following

Complete the cells in the matrix. For example, for the first control plan that has been provided (turnaround documents), you should

i.Locate turnaround documents state description of their purpose and the control goals they help achieve.

ii.Identify the turnaround document in the assigned narrative to see what type of document it is and how it is being used (note that it wont be called a turnaround document in the narrative, but based on doing i. above, you should be able to identify it.

iii.Find that document in the flowchart to see what is being done to it and who is using it or changing it.

iv.Find the control matrix in the that includes turnaround document in the control plan list.

v.Use the control goals in the matrix you found in iv. for turnaround document to fill in the assigned control matrix for Bridgeport LLC.

vi.Repeat this process for each of the control plans listed.

When you complete this task for each control plan, you are ready for #3 that follows.

Using the work you performed on the control matrix in #2, you will complete a series of explanations for each of the control plans in the matrix.

	Control Goals of the Bridgeport Cash Receipts Process
	Control Goals of the Operations Process				Control Goals of the Information Process
	Ensure effectiveness of operations:		Ensure efficient employment of resources (people, computers)	Ensure security of resources (cash, accounts receivable master data)	For the remittance advice inputs (i.e., cash receipts), ensure:			For the accounts receivable master data, ensure:
Recommended control plans	A	B			IV	IC	IA	UC	UA
Present Controls
P-1: Turnaround documents
P-2: Endorse checks immediately
P-3: Preformatted screens
P-4: Compare input data with master data
P-5: Programmed edit checks.
P-6: Procedure for rejected inputs
P-7: Manual agreement of RA batch totals
P-8: Manual agreement of deposit batch totals
Missing Controls
M-1: Document design
M-2: Enter cash receipts in the mailroom (enter data close to original source)
M-3: Computer agreement of batch totals
Possible effectiveness goals include the following: A Timely deposit of checks B Comply with compensating balance agreements with the depository bank				IV = input validity IC = input completeness IA = input accuracy UC = update completeness UA = update accuracy