Question
q9: You are the senior auditor of Nice and Natural Ltd (NNL) for the year ended 30 June 2021. NNL is a large pharmaceutical manufacturer
q9: You are the senior auditor of Nice and Natural Ltd (NNL) for the year ended 30 June 2021. NNL is a large pharmaceutical manufacturer and distributor located in SW. One of your junior auditors, Charles, is keen to evaluate NNL'S strengths and weaknesses for some of the client's procedures. For the following independent situations:
1. Identify if it is a strength or a weakness of the control systems it.
2. Give a reason why it is a strength or a weakness if.
3. If it's a weakness, suggest improving the controls to overcome the weakness.
4. If it's a strength, what is the benefit of the strength?
During the busy period, the warehouse manager employs new casual members whenever production demand increases Completeness of Payroll a. Expenses b) Cut-off for cash Receipts/Payments (c) Existence of Investment (d) Accuracy of Sales
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