Test of Controls

This topic has 3 replies, 3 voices, and was last updated 8 years ago by Ken Garrett.

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October 2, 2017 at 4:52 am #409200
gangsta1
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I have design a control and it’s test for the purchasing system. Kindly say if this control and its test is appropriate.
Ordering.
Control: Goods are only purchase from the company’s chosen suppliers.
Test of control: I will ensure that goods are purchased from the company’s chosen suppliers by selecting a sample of purchase order notes and tracing the supplier’s name back to the company’s authorised list of suppliers.
October 2, 2017 at 7:10 am #409205
Ken Garrett
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That is fine. Also confirm with those placing orders that they use only authorised suppliers.
October 19, 2017 at 4:34 pm #412501
Anonymous
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One of Control for Completeness assertion of Sales is “account for numerical sequence of Invoices”, the other one is “Match Sales Invoices vs. Dispatch docs’.
Sales Invoices is not the same as just Invoices? (sorry for silly question)
October 19, 2017 at 9:27 pm #412529
Ken Garrett
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Yes, heremthey are the same. But remember, you can have purchase invoives too so sometimes, the first time ‘invoice’ is mentioned, you define whoch type tou are talking about by calling it either a ‘sales invoice’ or ‘purchase invoice’.
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