INTERNAL CONTROL Cruisy Cruizes Limited operates a bus service between South Island tourist locations. Passengers can obtain tickets from the head office in Queenstown or from backpacker hostels who act as agents in some of the locations. Passengers can also pay direct to the driver when boarding the bus at locations where there is no local agent. REQUIRED Describe FIVE control features that would provide control over the Completeness and Accuracy assertion with respect passenger revenue. For each feature explain it’s benefit. Answer in the table below: Control Benefit 1 2 3 4 5
INTERNAL CONTROL Cruisy Cruizes Limited operates a bus service between South Island tourist locations. Passengers can obtain tickets from the head office in Queenstown or from backpacker hostels who act as agents in some of the locations. Passengers can also pay direct to the driver when boarding the bus at locations where there is no local agent. REQUIRED Describe FIVE control features that would provide control over the Completeness and Accuracy assertion with respect passenger revenue. For each feature explain it’s benefit. Answer in the table below: Control Benefit 1 2 3 4 5
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
- INTERNAL CONTROL
Cruisy Cruizes Limited operates a bus service between South Island tourist locations. Passengers can obtain tickets from the head office in Queenstown or from backpacker hostels who act as agents in some of the locations. Passengers can also pay direct to the driver when boarding the bus at locations where there is no local agent.
REQUIRED
Describe FIVE control features that would provide control over the Completeness and Accuracy assertion with respect passenger revenue. For each feature explain it’s benefit.
Answer in the table below:
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Control |
Benefit |
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1 |
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2 |
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3 |
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4 |
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5 |
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