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CPA AUD Flashcards > AUD 3 Internal Control 18 - 1 Documentation of Internal Control Structure - ICQ > Flashcards

AUD 3 Internal Control 18 - 1 Documentation of Internal Control Structure - ICQ Flashcards

1
Q

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.

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2
Q

Documenting the Internal Control Structure

An auditor is required to do_______ the understanding of a client’s internal control.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

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3
Q

Documenting the Internal Control Structure

An auditor is required to document the und_______ing of a client’s internal control.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

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4
Q

Documenting the Internal Control Structure

An au_____ is required to document the understanding of a client’s internal control.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

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5
Q

Documenting the Internal Control Structure

An auditor is re____ed to document the understanding of a client’s internal control.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

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6
Q

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s in______ control.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

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7
Q

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal con____.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

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8
Q

Documenting the Internal Control Structure

An auditor is required to document the understanding of a cli___’s internal control.

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

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9
Q

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

There is no specific means of docu_______ required

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

There is no specific means of documentation required

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10
Q

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

There is n_ specific means of documentation required

A

Documenting the Internal Control Structure

An auditor is required to document the understanding of a client’s internal control.

There is no specific means of documentation required

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11
Q

Documenting the Internal Control Structure

There is no sp__ific means of documentation required

A

Documenting the Internal Control Structure

There is no specific means of documentation required

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12
Q

Documenting the Internal Control Structure

There is no specific means of documentation re____ed and the auditor may select any method,

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method,

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13
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may se____ any method,

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method,

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14
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any me____, or combination of methods,

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

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15
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or com______ of methods,

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

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16
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of me____s, that best suits the needs of the auditor

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor

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17
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best s___s the needs of the auditor

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor

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18
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the n___s of the auditor

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor

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19
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that b__t suits the needs of the auditor in being able to apply the understanding

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding

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20
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the au_____ in being able to apply the understanding

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding

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21
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the und_______ing

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding

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22
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to a__ly the understanding to result in an audit

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding to result in an audit

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23
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding to re____ in an audit

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding to result in an audit

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24
Q

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both ef______ and effective.

A

Documenting the Internal Control Structure

There is no specific means of documentation required and the auditor may select any method, or combination of methods,

that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.

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25
Documenting the Internal Control Structure There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is b__h efficient and effective.
Documenting the Internal Control Structure There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
26
Documenting the Internal Control Structure There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and eff______.
Documenting the Internal Control Structure There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
27
Documenting the Internal Control Structure An auditor is re____ed to do________ the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
28
Documenting the Internal Control Structure An auditor is required to document the un_______ing of a client’s internal co_____l. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
29
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select a__ met___, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
30
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that b__t s___s the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
31
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to a__ly the und________ing to result in an audit that is both efficient and effective.
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
32
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both ef______ and eff______.
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective.
33
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective. Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
Documenting the Internal Control Structure An auditor is required to document the understanding of a client’s internal control. There is no specific means of documentation required and the auditor may select any method, or combination of methods, that best suits the needs of the auditor in being able to apply the understanding to result in an audit that is both efficient and effective. Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
34
Documenting the Internal Control Structure Internal Control Que________ (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
35
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (str______) / No (weakness) questions covering all control activities:
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
36
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (we________s) questions covering all control activities:
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
37
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all con____ activities:
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
38
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control ac_____es:
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
39
Documenting the Internal Control Structure Internal Control Questionnaire (I__) Yes (strength) / No (weakness) questions covering all control activities:
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities:
40
Internal Control Questionnaire = I__
Internal Control Questionnaire = ICQ
41
Internal Control Questionnaire =
Internal Control Questionnaire = ICQ
42
Internal Control Questionnaire = ___Q
Internal Control Questionnaire = ICQ
43
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Documenting the Internal Control Structure Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
44
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of docu_______ is the internal control questionnaire (ICQ).
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ).
45
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One com___ form of documentation is the internal control questionnaire (ICQ).
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ).
46
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control que_______ (ICQ).
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ).
47
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (____). A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
48
Internal Control Questionnaire (ICQ) One common form of documentation is the internal control questionnaire (ICQ). A qu_________ always phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ) One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
49
Internal Control Questionnaire (ICQ) One common form of documentation is the internal control questionnaire (ICQ). A questionnaire al___s phrases questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ) One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
50
Internal Control Questionnaire (ICQ) A questionnaire always ph____s questions in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
51
Internal Control Questionnaire (ICQ) A questionnaire always phrases qu______s in a form that requires a yes or no answer for each question,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
52
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that re____es a yes or no answer for each question,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
53
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a y__ or no answer for each question,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
54
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or n_ answer for each question,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
55
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no an____ for each question,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
56
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for e__h question,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question,
57
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each qu______, with a yes answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control,
58
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a y__ answer indicating the presence of a potentially useful control,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, on.
59
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the pre______ of a potentially useful control,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control,
60
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially use___ control,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control,
61
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a po_______y useful control,
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control,
62
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful con____, and a no response indicating a weakness.
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
63
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a n_ response indicating a weakness.
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness.
64
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a w___ness. This is consistent with the emphasis of the auditor
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor
65
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is co_________ with the emphasis of the auditor
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor
66
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the e____sis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
67
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the au_____ on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
68
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding str______s in the system to rely on.
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
69
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the sys___ to rely on.
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
70
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to r__y on.
Internal Control Questionnaire (ICQ) A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
71
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common f__m of doc________ is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
72
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (____). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
73
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that re_____s a yes or no an_____ for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
74
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a y_s answer indicating the presence of a potentially useful co_____, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
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Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a n_ response indicating a we____ss. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
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Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on fi__ing str______s in the system to rely on.
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: One common form of documentation is the internal control questionnaire (ICQ). A questionnaire always phrases questions in a form that requires a yes or no answer for each question, with a yes answer indicating the presence of a potentially useful control, and a no response indicating a weakness. This is consistent with the emphasis of the auditor on finding strengths in the system to rely on.
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Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
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Internal Control Questionnaire (ICQ) A well-designed que________ will include questions
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions
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Internal Control Questionnaire (ICQ) A well-de____ed questionnaire will include questions
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions
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Internal Control Questionnaire (ICQ) A w___-designed questionnaire will include questions
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions
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Internal Control Questionnaire (ICQ) A well-designed questionnaire will inc_____ questions
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions
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Internal Control Questionnaire (ICQ) A well-designed questionnaire will include qu______s related to each of the different types of control activities
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities
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Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions re____d to each of the different types of control activities
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities
84
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to e__h of the different types of control activities
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities
85
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the dif______ types of control activities
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities
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Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of co_____ activities (from the PRAISE mnemonic)
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic)
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Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control ac_____es (from the PRAISE mnemonic)
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic)
88
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control str______.
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure.
89
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be u____ed in an internal control structure. ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC) ```
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure. ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC) ```
90
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure. There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions (these questions should be made more precise by referring to documents and personnel that are used in the specific department that is being tested). For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC) ```
Internal Control Questionnaire (ICQ) A well-designed questionnaire will include questions related to each of the different types of control activities (from the PRAISE mnemonic) that may be utilized in an internal control structure. There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions (these questions should be made more precise by referring to documents and personnel that are used in the specific department that is being tested). For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance • Segregation of duties (ARCC) ```
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Internal Control Questionnaire (ICQ) There is no perfect ques________ that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions
Internal Control Questionnaire (ICQ) There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions
92
Internal Control Questionnaire (ICQ) There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions (these questions should be made more precise by referring to documents and personnel that are used in the specific depa______ that is being tested).
Internal Control Questionnaire (ICQ) There is no perfect questionnaire that can be memorized for the exam, but the following list includes questions that can be adapted to individual TBS types of questions (these questions should be made more precise by referring to documents and personnel that are used in the specific department that is being tested).
93
Internal Control Questionnaire (ICQ) For e__h of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
Internal Control Questionnaire (ICQ) For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE):
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Internal Control Questionnaire (ICQ) For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` • Segregation of duties (ARCC)
Internal Control Questionnaire (ICQ) For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` • Segregation of duties (ARCC)
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Internal Control Questionnaire (ICQ) PRAISE • P______ controls
Internal Control Questionnaire (ICQ) PRAISE • Physical controls
96
Internal Control Questionnaire (ICQ) PRAISE • Physical c_______ • Recording
Internal Control Questionnaire (ICQ) PRAISE • Physical controls • Recording
97
Internal Control Questionnaire (ICQ) PRAISE • Physical controls • R________
Internal Control Questionnaire (ICQ) PRAISE • Physical controls • Recording
98
Internal Control Questionnaire (ICQ) PRAISE • Physical controls • Recording • A___________
Internal Control Questionnaire (ICQ) PRAISE • Physical controls • Recording • Authorization
99
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • I___________ checks ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks ```
100
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent c_______ ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks ```
101
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • S__________ of duties ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties ```
102
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of d_____ ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties ```
103
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • E________ performance ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ```
104
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate p___________ ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ```
105
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` • Segregation of duties (AR__)
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` • Segregation of duties (ARCC)
106
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` • Segregation of duties (A__C)
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` • Segregation of duties (ARCC)
107
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (______) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
108
Internal Control Questionnaire (ICQ) ``` • S_________ of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
109
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o A__________
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o Authorization
110
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o Authorization o R_______
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o Authorization o Recording
111
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o Authorization o Recording o C______of assets
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets
112
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o Authorization o Recording o Custody of a_______
Internal Control Questionnaire (ICQ) • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets
113
Internal Control Questionnaire (ICQ) ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o C_________ ```
Internal Control Questionnaire (ICQ) ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
114
Internal Control Questionnaire (ICQ) ``` PRAISE • P_______________ • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
115
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • R________ • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
116
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • A___________ • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
117
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • I_________________ • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
118
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • S________________ • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
119
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • E__________________ ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
120
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (_____) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
121
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o A__________ o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
122
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o R_________ o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
123
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o C_______________ o Comparison ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
124
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o C___________ ```
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
125
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ```
126
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ``` --------------------- • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ) Yes (strength) / No (weakness) questions covering all control activities: For each of the six activities, two potential questions are provided, since recommended solutions usually have contained around 12 questions spread over all the activities (PRAISE): ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ``` --------------------- • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
127
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ``` --------------------- • P_______ controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` ``` • Segregation of duties (ARCC) o Authorization o Recording o Custody of assets o Comparison ``` --------------------- • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
128
Internal Control Questionnaire (ICQ) • Physical co_____s – Is proper security maintained over valuable department assets?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets?
129
Internal Control Questionnaire (ICQ) • Physical controls – Is proper se___ity maintained over valuable department assets?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets?
130
Internal Control Questionnaire (ICQ) • Physical controls – Is pro___ security maintained over valuable department assets?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets?
131
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security mai_____ed over valuable department assets?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets?
132
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department as___s?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets?
133
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeg____s over unused documents?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
134
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there ade_____ safeguards over unused documents?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
135
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over un___d documents?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
136
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused do_______s?
Internal Control Questionnaire (ICQ) • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents?
137
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents? • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Physical controls – Is proper security maintained over valuable department assets? Are there adequate safeguards over unused documents? • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
138
Internal Control Questionnaire (ICQ) • Re____ing – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
139
Internal Control Questionnaire (ICQ) • Recording – Are tra_________s documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions?
140
Internal Control Questionnaire (ICQ) • Recording – Are transactions do________ed as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions?
141
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to a__ relevant terms and descriptions?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions?
142
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all rel_____ terms and descriptions?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions?
143
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant t___s and descriptions?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions?
144
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and des______s? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
145
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents pr_________ed and periodically accounted for?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
146
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and pe______lly accounted for?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
147
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically ac_____ed for?
Internal Control Questionnaire (ICQ) • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
148
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
149
Internal Control Questionnaire (ICQ) • Au_________ – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
150
Internal Control Questionnaire (ICQ) • Authorization – Are tra_______s authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level?
151
Internal Control Questionnaire (ICQ) • Authorization – Are transactions au______ed by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level?
152
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by per_______ at least one level above the request level?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level?
153
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least o__ level above the request level?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level?
154
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level ab___ the request level?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level?
155
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the re______ level?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level?
156
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
157
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties in____ed in transactions approved in advance?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
158
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the th___ parties involved in transactions approved in advance?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
159
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third p___ies involved in transactions approved in advance?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
160
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions ap____ed in advance?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
161
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in tra_______s approved in advance?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
162
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in ad____e?
Internal Control Questionnaire (ICQ) • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance?
163
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance? • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Authorization – Are transactions authorized by personnel at least one level above the request level? Are the third parties involved in transactions approved in advance? • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
164
Internal Control Questionnaire (ICQ) • I__________ checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
165
Internal Control Questionnaire (ICQ) • Independent c____s – Are documents compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed?
166
Internal Control Questionnaire (ICQ) • Independent checks – Are do______s compared to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed?
167
Internal Control Questionnaire (ICQ) • Independent checks – Are documents co_____ed to verify their agreement before transactions are executed?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed?
168
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to v____y their agreement before transactions are executed?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed?
169
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their ag____ent before transactions are executed?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed?
170
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement be____ transactions are executed?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed?
171
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before tra________s are executed?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed?
172
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are ex_____d? Are records periodically reconciled to related documents?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
173
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are re____s periodically reconciled to related documents?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
174
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records pe_______lly reconciled to related documents?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
175
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically re_____led to related documents?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
176
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to re____d documents?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
177
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related doc______s?
Internal Control Questionnaire (ICQ) • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents?
178
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents? • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Independent checks – Are documents compared to verify their agreement before transactions are executed? Are records periodically reconciled to related documents? • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
179
Internal Control Questionnaire (ICQ) • S__________ of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
180
Internal Control Questionnaire (ICQ) • Segregation of d__ies – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
181
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the pr_______ function of the department
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department
182
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the de________ (Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody)
183
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal fun_____ of the department (Authorization, Recording, or Custody)
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody)
184
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Au_________, Recording, or Custody)
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody)
185
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Re____ing, or Custody)
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody)
186
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Cus___y) independent of each of the other two functions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
187
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) inde________ of each of the other two functions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
188
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of e__h of the other two functions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
189
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other t__ functions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
190
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two fun____s?
Internal Control Questionnaire (ICQ) • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions?
191
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions? • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Segregation of duties – Is the principal function of the department (Authorization, Recording, or Custody) independent of each of the other two functions? • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
192
Internal Control Questionnaire (ICQ) • E_______ performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
193
Internal Control Questionnaire (ICQ) • Evaluate p_________ – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
194
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there wr_____ department policies and procedures?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures?
195
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written dep________ policies and procedures?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures?
196
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department p____ies and procedures?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures?
197
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and proce____s? Are unusual or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
198
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unu____ or uncompleted transactions periodically investigated?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
199
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or un____leted transactions periodically investigated?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
200
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted tra_______s periodically investigated?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
201
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions pe_______lly investigated?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
202
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically in_______ed?
Internal Control Questionnaire (ICQ) • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated?
203
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated? • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) ``` PRAISE • Physical controls • Recording • Authorization • Independent checks • Segregation of duties • Evaluate performance ``` --------------------- • Evaluate performance – Are there written department policies and procedures? Are unusual or uncompleted transactions periodically investigated? • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
204
Internal Control Questionnaire (ICQ) • S__________ of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
205
Internal Control Questionnaire (ICQ) • Segregation of d___es – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
206
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the pri______ functions of each process,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process,
207
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal fu______s of each process, authorization,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization,
208
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of e__h process, authorization, recording,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, c
209
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each pr____s, authorization, recording,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording,
210
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, auth________, recording, custody,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody,
211
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, re____ing, custody,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody,
212
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, cu____y, and comparison (ARCC)
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC)
213
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and co_________ (ARCC)
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC)
214
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (AR__) independent of one another?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
215
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (__CC) independent of one another?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
216
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) in_________ of one another?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
217
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of o__ another?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another?
218
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Aut_________ – Are transactions authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level?
219
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are tr________s authorized by personnel at least one level above the request level?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level?
220
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at l___t one level above the request level?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level?
221
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least o__ level above the request level?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level?
222
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level a_____ the request level?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level?
223
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request le___?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level?
224
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Re____ing – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
225
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are tran_______s documented as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions?
226
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions do_______ed as to all relevant terms and descriptions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions?
227
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant t___s and descriptions?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions?
228
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and des_______s? Are documents prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
229
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are doc______s prenumbered and periodically accounted for?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
230
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents pre______red and periodically accounted for?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
231
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and pe_______ly accounted for?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
232
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically ac____ed for?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for?
233
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o C_____y of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
234
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of as___s – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
235
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody li___ed to those with a need to have access?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access?
236
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a n__d to have access?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access?
237
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have a____s? Are those with access subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
238
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with ac___s subjected to bonding or appropriate background checks?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
239
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to b___ing or appropriate background checks?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
240
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or ap________ background checks?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
241
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate back______d checks?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
242
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background ch___s?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks?
243
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Co________ – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
244
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are ph_____ assets periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts?
245
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical a____s periodically reconciled to recorded amounts?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts?
246
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets pe______lly reconciled to recorded amounts?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts?
247
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically re____iled to recorded amounts?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts?
248
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to re____ed amounts?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts?
249
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded am____s? Are normal activities,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities,
250
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are nor___ activities, such as bank deposits,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits,
251
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal ac_____ies, such as bank deposits,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits,
252
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank de___its, subject to comparisons
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons
253
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to com_______s of recorded amounts to support documents,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
254
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of re____ed amounts to support documents,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
255
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to su____t documents,
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents,
256
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as co____ing daily deposits
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits
257
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support doc______s, such as comparing daily deposits
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits
258
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as co____ing daily deposits to remittance listings
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings
259
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing d___y deposits to remittance listings
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings
260
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to re____ance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
261
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
262
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance li__ings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
263
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or re____iling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
264
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling am____s in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
265
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in c__h registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
266
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash r_____ers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
267
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as b__k deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
268
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o A__________ – Are transactions authorized by personnel at least one le___ above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
269
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o R________ – Are transactions do________ed as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
270
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o C_______________ – Is custody l___ted to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
271
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o C___________ – Are physical assets periodically re____iled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
272
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical as___s pe______ally reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
Internal Control Questionnaire (ICQ) • Segregation of duties – Are the principal functions of each process, authorization, recording, custody, and comparison (ARCC) independent of one another? o Authorization – Are transactions authorized by personnel at least one level above the request level? o Recording – Are transactions documented as to all relevant terms and descriptions? Are documents prenumbered and periodically accounted for? o Custody of assets – Is custody limited to those with a need to have access? Are those with access subjected to bonding or appropriate background checks? o Comparison – Are physical assets periodically reconciled to recorded amounts? Are normal activities, such as bank deposits, subject to comparisons of recorded amounts to support documents, such as comparing daily deposits to remittance listings or reconciling amounts in cash registers?
273
Internal Control Questionnaire (ICQ) Normally, it is possible to identify at least one document, record, or asset to fit each question. Thus, a questionnaire involving the production cycle might ask, "Is proper security maintained over work-in-process inventories?" One involving the payroll cycle might ask, "Is proper security maintained over signature plates?"
Internal Control Questionnaire (ICQ) Normally, it is possible to identify at least one document, record, or asset to fit each question. Thus, a questionnaire involving the production cycle might ask, "Is proper security maintained over work-in-process inventories?" One involving the payroll cycle might ask, "Is proper security maintained over signature plates?"

CPA AUD Flashcards (62 decks)

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