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Audit - Program 13-1 PDF

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135 views

Audit - Program 13-1 PDF

Uploaded by

Nelson Gonzalez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Oceanview Marine Company 131 Audit Program: NG 2725/2018 Evaluation of Internal Control over Acquisitions December 31, 2018 Comments or WP Initials | Date ‘Reference Part 1: Obtain an understanding of the client’s internal controls 1. Discuss the control environment, accounting Be | 1282019 = system, and control activities with management and client personnel. Obtain and study client’s policy and procedures Be | 1282019 = ‘manuals and examine documents and records ‘used in accounting system, Observe control-related client activities over Bc | 1282019 - purchases and cash disbursements, Part 2: Document your understanding of the client’s internal control 4. Prepare a flowchart of the accounting system for | pe acquisitions, including document flow, processing, disposition of documents, and control 29/2019 | W/P 13-2 activities. ‘Complete the “Internal Control Questionnaire— | NG 2123201 | WIP 13-3 Acquisitions.” 9 Part 3: Preliminary assessment of control risk, Using the information obtained above, complete |G zes2oe | WIP 13-4 the “Preliminary Assessment of Control Risk— Acquisitions” matrin.

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