6.1 Classify each of the following controls as preventative, detective, or corrective. 6.1.1 Implementation of segregation of duties. 6.1.2 The use of pre-numbered sales invoices. 6.1.3 Security guards are assigned to all entrances and exits of the company building. 6.1.4 The performance of personnel performance reviews every six months. 6.1.5 The preparation of a debtor’s reconciliation. 6.1.6 The issue of internal audit reports on the sales department audit. 6.1.7 Frequent reviews of the log of amendments to the employee masterfile. 6.1.8 All new employees must write a computer literacy test.
6.1 Classify each of the following controls as preventative, detective, or corrective. 6.1.1 Implementation of segregation of duties. 6.1.2 The use of pre-numbered sales invoices. 6.1.3 Security guards are assigned to all entrances and exits of the company building. 6.1.4 The performance of personnel performance reviews every six months. 6.1.5 The preparation of a debtor’s reconciliation. 6.1.6 The issue of internal audit reports on the sales department audit. 6.1.7 Frequent reviews of the log of amendments to the employee masterfile. 6.1.8 All new employees must write a computer literacy test.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
6.1 Classify each of the following controls as preventative, detective, or
corrective.
6.1.1 Implementation of segregation of duties.
6.1.2 The use of pre-numbered sales invoices.
6.1.3 Security guards are assigned to all entrances and exits of the company building.
6.1.4 The performance of personnel performance reviews every six months.
6.1.5 The preparation of a debtor’s reconciliation.
6.1.6 The issue of internal audit reports on the sales department audit.
6.1.7 Frequent reviews of the log of amendments to the employee masterfile.
6.1.8 All new employees must write a computer literacy test.
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