You Are a Senior Auditor on a New Audit Client

question 104

Essay

You are a senior auditor on a new audit client.Your supervisor has asked you to audit the cash disbursements of the new client.You begin by gaining an understanding of the flow of transactions and have identified the following risk (what could go wrong): A check may not be recorded.
Identify at least two controls that may address this risk.

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Definitions:

Proofreading Strategy

A proofreading strategy is a methodical approach employed to carefully review and correct written texts to ensure accuracy and consistency.

Personal Error Patterns Chart

A visual or written record used to track and analyze the recurring mistakes an individual makes, often used in educational and personal development contexts to improve performance.

Error Symbol

A visual or textual marker used to indicate a mistake or an issue that needs correction, commonly found in programming and written texts.

Bottoms Up Proofreading Technique

A method of proofreading that involves starting from the end of a document and working backwards, to focus on spelling and syntax errors.