Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask HR Management Expert

Problem: 1

Part A:

UTM Bar Chocolates limited employs ten salespeople in the Mauritius, each with the defined geographical area to cover.  Each salesperson is supplied with the new car, changed every 4 years. At the end of each and every week, each sales person submits a claim on the pre-printed form for expenses with supporting vouchers. Expenses are on petrol, repairs and servicing of car, lunches and entertaining. Each claim is scrutinized by Mr. Jones who is the chief accountant of company. He determines that the claims are supported by vouchers. He clears any inconsistencies with the salespeople concerned and make out cheques for signature by 2 directors of company. The total amount paid out for salesperson’s expenditures by the company throughout the year ended 30 June 2008 was Rs. 3,200,000.  The company made a profit in that year of Rs. 15 million.

Required:

(a)  Describe the shortcomings of this system and suggest ways of enhancing the system.

(b)  Describe tests of control and list test of control which the auditor would perform on this system.

(c)  describe the substantive procedures that the auditor would perform on item ‘salesmen’s expenses’.

Part B:

Internal control for purchase system comprises control objectives, control procedures and test of control.

(a)  What are the control objectives for purchase of goods by business?

(b)  What are the substantive tests to be applied on the purchase?

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M94347

Have any Question? 


Related Questions in HR Management

Imagine you are the hr manager of a us company looking to

Imagine you are the HR manager of a U.S. company looking to expand in another country. You need to learn about the culture before sending expatriates abroad to work. Use the Internet to research the culture in a country ...

1explain the reasons for setting challenging yet achievable

1) Explain the reasons for setting challenging yet achievable objectives in an organisation. 2) Explain the importance of conducting situational analysis in strategic planning.

I am providing a link to an article listing 70 hr metrics

I am providing a link to an article listing 70 HR Metrics with examples of each metric.  Can you identify 3-5 metrics you find especially useful and explain how the measurements benefit both the HR function of the busine ...

Assignment business expansion and sustainabilityin order to

Assignment: Business Expansion and Sustainability In order to complete this assignment, refer to the scenario that you chose in Assignment 1. Note: You may create and / or make all necessary assumptions needed for the co ...

Give an example of a founder who has had a major impact on

Give an example of a founder who has had a major impact on the culture of the organization that he or she founded. This example may be the founder of your current or past organization, or it may be a famous individual wh ...

Unit i assignment hr mission statementby now from your

Unit I Assignment HR Mission Statement By now, from your textbook readings and lesson, you should have a firm grasp on the different types of human resource values and strategies that are commonplace in the workforce. Fr ...

Title at the very top of your outline give a title to your

Title: (At the very top of your outline, give a title to your outline.) I. Introduction A. Statement of Problem/Delineation of Problem "Statement of the Problem" states the problem and explains for the reader why this is ...

Consider the cost of benefits in major organizations what

Consider the cost of benefits in major organizations. What impact do benefit offerings have on marketplace competitiveness and the ability to attract and keep quality employees? Do you think pay is the primary motivating ...

Pitching the storympr professionals need to persuade

Pitching the Story MPR professionals need to persuade connectors to use their message. It must be positioned as newsworthy. Common themes defining newsworthiness often include the following: Firsts Trends Local, quirky p ...

The relationship between the organization and its members

The relationship between the organization and its members can be greatly influenced by what motivates individuals to work. The style of leadership, job design, resources on the job, and environment can all have a signifi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro