Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Auditing Expert

problem 1:

Why is it significant that a department other than Purchasing Department must raise a purchase requisition?

problem 2:

Even with the separate Purchasing Department (i.e. separate from the department which raises the purchase requisition), there is still a risk of fraud through staff in Purchasing Department. In what way could a fraud happen, and how could controls be instituted to reduce the risk of such the fraud?

problem 3:

Why is each purchase invoice not sent with goods to Goods Received Department?

problem 4:

Why should the Goods Received Department not admit goods where there is no purchase order?

Auditing, Accounting

  • Category:- Auditing
  • Reference No.:- M99725

Have any Question? 


Related Questions in Auditing

Instructionsassignment questionbio-sustainable feeds bsf

Instructions: ASSIGNMENT QUESTION Bio-sustainable Feeds (BSF) Ltd., an Australian bio-research firm listed on the Australian Stock Exchange (ASX), has engaged research on sustainable aqua-culture feeds for two decades. I ...

Assessment - case studytask - case studyyou are the audit

Assessment - Case Study Task - Case Study You are the audit senior for the audit of Nirvana Produce Pty Ltd (NP), a large wholesale fruit and vegetable supplier. NP operates out of a warehouse and office near the fruit a ...

Assignment-student will be allocated a company listed on

Assignment- Student will be allocated a company listed on the Australian Stock Exchange. Identify two major audit risk areas, and explain the potential impact of the audit risk on the company's financial statements; and ...

Auditing assignment-learning outcomes - on successful

Auditing Assignment- Learning outcomes - On successful completion of this subject, you should be able to explain and critically evaluate influences on audit and assurance services including: Australian and international ...

Explain the role playing as an financial auditorthis is the

Explain the Role playing as an Financial auditor. This is the ending part of my accounting class and the instructor wants us to role play as an auditor. Please help me out with the below scenario and explaination for my ...

Assignment taskcase studyyou are the audit senior for the

Assignment Task Case Study You are the audit senior for the audit of Nirvana Produce Pty Ltd (NP), a large wholesale fruit and vegetable supplier. NP operates out of a warehouse and office near the fruit and vegetable ma ...

Backgroundthere are two parts to the assignment the first

Background There are two parts to the assignment. The first part requires students to set up an entity's books in MYOB and process transactions to relevant accounts. The second part requires students to prepare a documen ...

Auditing amp assurance services assignment-question

Auditing & Assurance Services Assignment- Question 1- Enquiries into very many received tenets and commonly presumed truths, also known simply as Pseudodoxia Epidemica or Vulgar Errors, is a work by Thomas Browne challen ...

The following are specific transaction-related audit

The following are specific transaction-related audit objectives applied to the audit of cash disbursement transactions (a through f), management assertions about classes of transactions (1 through 5), and general transac ...

How to compute the translational rotational vibrational

How to compute the translational rotational vibrational electronic

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate