Page 139 - AA Integrated Workbook STUDENT 2018-19
P. 139
Systems and controls
ICQ wording ICEQ wording
Does a supervisor authorise all weekly How does the company ensure that only
timesheets? hours worked are recorded on timesheets?
Does the company perform a regular How does the company try to minimise the
credit check on all customers? risk of irrecoverable debts?
Does a manager or director authorise How does the company ensure goods are
purchase orders before an order is only purchased for a valid business use?
place?
Is a bank reconciliation performed How does the company ensure
regularly? discrepancies in the cash book are identified
and resolved?
Is a regular inventory count How does the company ensure its inventory
performed? system is up to date and discrepancies in
the inventory records are identified?
Is a regular reconciliation performed How does the company ensure the non-
between the physical non-current current asset register is up to date and
assets and the non-current asset accurate?
register?
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