Designing tests of controls
Not what you're looking for?
Design tests of controls, substantive tests of transactions, and analytical procedures for the following Apollo Shoes cycles:
o Payroll and Personnel Cycle
o Acquisition and Payment Cycle
150 words each.
Purchase this Solution
Solution Summary
This solution explains the payroll and personnel cycle and the acquisition and payment cycle for the Apollo Shoes case.
Solution Preview
Payroll and Personnel:
The payroll and personnel cycle at Apollo Shoes should be designed to accomplish two objectives - detect nonexistent employees and deter payroll fraud. Nonexistent employees are significant because of the size of the employee base. Checks should be in place to verify that no two employees have the same address, and it needs to be thoroughly investigated when they do. In addition, the same type of checks should be performed for more than one employee having the same bank account, as noted on the personnel logs for pay deposits when standard checks are ...
Purchase this Solution
Free BrainMass Quizzes
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.