this is qtn of direct controls.
When new equipment is acquired, the finance department classifies the expenditure between assets and expenses, noting the classification on the purchase order. The classification is made with reference to guidelines established by the finance director, who sample checks that the expenditure allocation has been correctly applied.
here i thought this would be a control deficiency bcoz the person setting the guidelines and the person checking whether the guidlienes are same right? both are being done by the finance director himslef. wouldnt this be self review like shoudlnt another official check whether the guidleines are followed?