Value for money audits in the public sector, Auditing

Assignment Help:

Problem 1:

You have been asked to design a system of controls so as to prevent unauthorized payments being made from the bank account. You are required to identify the controls that you would recommend so as to improve the effectiveness of the above system of controls.

Problem 2:

You are required to

(i) Describe the basic principles on which value for money audits in the public sector are conducted.

(ii) Provide the specific examples of analysis which may be employed in practice

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