Answered step by step
Verified Expert Solution
Question
1 Approved Answer
One of your clients main controls over the purchasing process is that they require two signatures on every check, as a means of segregating duties.
One of your clients main controls over the purchasing process is that they require two signatures on every check, as a means of segregating duties. During internal control testing, you noted that 2 checks, out of a sample of 25, only had one signature. What assertion should you be most concerned with?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started