State the Examples of tests of controls:

• Check bank reconciliation has been reconciled as approved by chief accountant.
• Observe buyer checking the goods received note and invoice before authorising cheque for payment.

 

Posted Date: 9/3/2013 2:51:48 AM | Location : United States

Ask an Expert

Related Discussions:- State the examples of tests of controls, Assignment Help, Ask Question on State the examples of tests of controls, Get Answer, Expert's Help, State the examples of tests of controls Discussions

Write discussion on State the examples of tests of controls
Your posts are moderated

Write your message here..

Related Questions

Equity theory, Equity Theor y This theory proposes that indivi... Equity Theor y This theory proposes that individuals measure their out- comes/input ratio. Equity theory distinguish that inspiration is not the outcome of an absolute

Explain the significance of financial analysis, Question 1 What are the li... Question 1 What are the limitations of management accounting? Question 2 Explain the significance of financial analysis Question 3 What are the advantages of the value a

Case study - itraxx, (a) iTraxx is a group of credit derivative index man... (a) iTraxx is a group of credit derivative index managed by the International Index Company (IIC) and covering Europe and Asia and Australia. The body in the portfolio forming th

Advantages and disadvantages of foreign direct investment, What are the dis... What are the disadvantages and advantages of Foreign direct investment (FDI) like opposed to a licensing agreement with a foreign partner? Answer:  The major advantage of FDI (

Management of working capital, Q. Management of Working Capital? Workin... Q. Management of Working Capital? Working capital, in general practice, refers to the excess of current assets over current liabilities. Management of working capital therefore

Risk-free rate, Assume you manage a $4.42 million fund that having of four ... Assume you manage a $4.42 million fund that having of four stocks with the following investments: Stock Investment Beta A

Expects the per capita expenditure, Expects the per capita expenditure: ... Expects the per capita expenditure: A township expects its population of 5,000 to grow annually at the rate of 5%. The township currently spends $300 per inhabitant, but, as t

Financial market, Financial Market: Being entrusted with different func... Financial Market: Being entrusted with different functions having macro level implications on the nation's economy, the financial system tries to fulfill its role through the f

What is gross dividend, Gross dividend At the ending of the financial ... Gross dividend At the ending of the financial year companies will announce the profits or losses that they have earned and a figure for net profit after tax. A company is able

Operating budget, Operating Budget It is a collection or set of formal ... Operating Budget It is a collection or set of formal financial documents that details expected expenses and revenues, as like all other expected operating and financial transac