澳洲論文代寫 > essay代寫 > > 正文

essay代寫

代寫畢業論文 代寫留學生畢業論文 QQ:10003816

代寫畢業論文 代寫留學生畢業論文 QQ:10003816
(b) As indicated on the flowchart, the stores which create the requisition and receive the goods are separate from the purchasing process. The stores manager is not permitted to make purchases directly with suppliers because there needs to be a segregation of the authority to commit the entity to purchasing goods and the custody of the goods. The recording of purchases into the stock account is separated from the record keeping at the stores.
Also, the payment process is separate from the purchases process. At various points in the process, permission is sought from purchases manager and the 代寫畢業論文 accountant for action. The purchases manager arranges for suppliers to be selected and approved. Only approved suppliers are used to ensure that they are reliable and the items meet the entity’s specifications. The accountant gives permission to create purchase orders if the purchases department does not have approved funds available.
<标题> Payment is not approved for processing until the purchase order, receiving report and packing list, and supplier invoice are matched and reconciled. Not shown on this flowchart, approval for processing the payment would be required before the supplier is paid.

 


7.8  Components of internal control
Required
<标题> Select two (2) components of internal control. Explain how the role of internal and external audit would differ in assessing these components in relation to the new manufacturing costing system.

代寫留學生畢業論文
(1) Control Environment.
The high level of security around information relating to product design, manufacturing and costing, and the client identity and transactions is a key part of the internal control system at Securimax. The secure environment provides the foundation for the successful implementation of the new manufacturing costing system because data are secure and only certain personnel will have access to it.
The highly secure environment indicates that the control environment at Securimax has a focus on clear assignment of authority and responsibility and a formalised organisational structure. It also reflects management’s philosophy and operating style which rates security highly.
Consistent with this approach it would be expected that internal audit have a formal and important role in the organisation. Internal audit were involved in all stages of the installation of the new manufacturing costing system. Their role would have been to ensure that the integration with other systems (e.g. sales) is correct. Internal audit will also be interested in maintaining the secure environment and assessing the performance (i.e. efficiency and effectiveness) of the new system.
External audit would focus on understanding the control environment and assessing whether the control environment means that management has positive attitudes towards internal control systems. The auditors would be interested in assessing how well the implementation of the new costing system was executed, and whether rthe secure environment was maintained.代寫畢業論文

(2) Risk assessment process.
The risk assessment process refers to management’s processes to identifying and responding to business risks. Securimax has responded to the risk of using inaccurate costing data by installing the new manufacturing costing system. However, there are risks involved with the installation and these would need to be managed.
The internal audit department would be involved in assessing how management handle the implementation and other risks.
The external audit department would use the information from the internal audit department’s assessment to evaluate the level of risk to the financial accounts from any problems with the manufacturing costing system.

(3) Control activities
The information provided does not explain the segregation of duties and physical controls relating to the new manufacturing costing system. However, internal audit would assess the level of segregation and physical controls when determining the success of the implementation process.
External audit would require an understanding of these matters in order to assess control risk for transactions relating to the costing system.

 

Contact us / 聯系我們

QQ: 273427
QQ: 273427

Online Service / 在線客服

Hours / 服務時間
全天24小時為您服務

熱情 專業 誠信 守時
Copyright ? 2008-2018 assignment代寫

在線客服

售前咨詢
售后咨詢
微信號
Essay_Cheery
微信

在線客服

售前咨詢
售后咨詢
微信號
Essay_Cheery
微信
英国代写_数学代写_c++/c代写_留学生代写怎么查出来?