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Weakness

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Weakness

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.
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  • March 5, 2017 at 5:09 am #375633
    @47@
    Member
    • Topics: 19
    • Replies: 51
    • ☆☆

    Can you please help me with this:

    The question states that the company exports to several countries.
    The weakness in this is that due to fluctuations in exchange rates there can be errors in our calculations.
    What can we use as the recommendation? And Test of controls?

    March 5, 2017 at 9:41 am #375666
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10606
    • ☆☆☆☆☆

    The easiest control is to have the calculations independently checked by another employee. The test of control would be to see evidence of the independent calculation.

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