Oceanview Marine Company Internal Control Questionnaire Acquisitions December 31, 2018 Carl Objects and Q 121 Are documed to pervest E Di Ang reports pembed and property accused for? 9 4) Areng reports oled in a O (3) Is there intemal venfication of the sallation prices, wd quantities vendo aces A (6) Does innene independent of the reeling of punhas function verify that the proper accounts an been debined and credited fix purchases an (7) Is there an independent comparison of des or receiving reports to dates recorded in the vinacher register? C T (0) Is there a policy requiring reconding of purchases o daily basis as close to time of receipt of goods possible? T YES NO REMARKS (9) Is the voucher register independently Sound and p to the general ledger (10) Is an independent reconciliation of the accounts payable subsidiary records and the geral ledger performed regularly ' P Audit Objective for Tests of Controls and Substantive Tests of Transactions: Accuracy Existence or occurence Classification Posting & summarization Completeness Timing Current workpopen-assess control risk + Pag