Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HI, PLEASE CAN YOU MAKE IT HURRY I ONLY HAVE A LITTLE TIME, THANK YOU D. Classify the following controls as preventive, defective or corrective:

HI, PLEASE CAN YOU MAKE IT HURRY I ONLY HAVE A LITTLE TIME, THANK YOU

image text in transcribed

D. Classify the following controls as preventive, defective or corrective: (a) Internal auditor rechecking the debits and credits on the payment voucher. (b) Separation of cash and accounting records. (c) Maintaining backup copies of master and transaction files. (d) Prenumbering of sales invoices. (e) Periodic bank reconciliation. (f) Resubmission of transaction for subsequent processing. (3 Marks) E. Distinguish between financial reporting system (FRS) and management reporting system (MRS). (2 Marks) F. General ledger system database includes a variety of files. Explain TWO (2) of general ledger database system files. (4 Marks) G. Explain TWO (2) types of data coding schemes and give ONE (1) example for each. (4 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: William MessierSteven Glover

7th Edition

0073527084, 9780073527086

More Books

Students also viewed these Accounting questions