How to Conduct an Internal Control Proc…
https://smallbusiness.chron.com/conduct-internal-control-process-walkthrough-902.html
How to Conduct an Internal Control Process Walkthrough Create a procedural outline and document significant transaction classes. Learn the organization and its practices. Follow transactions and view and document a sample transaction from each identified transaction class. Generate and discuss results. Assess whether the controls are designed appropriately to either prevent or detect any errors, omissions or fraud. Check if the controls have been sufficiently implemented. Ensure there is appropriate segregation of duties. Check if the people performing the task have the appropriate skills and experience. Determine if the controls are manual or automated. Identify any gaps in current controls. Create a Procedural Outline Document significant transaction classes. ... Are the controls designed appropriately to either prevent or detect any errors, omissions or fraud? Have the controls been sufficiently implemented?
Create a procedural outline and document significant transaction classes.
Learn the organization and its practices.
Follow transactions and view and document a sample transaction from each identified transaction class.
Generate and discuss results.
Assess whether the controls are designed appropriately to either prevent or detect any errors, omissions or fraud.
Check if the controls have been sufficiently implemented.
Ensure there is appropriate segregation of duties.
Check if the people performing the task have the appropriate skills and experience.
Determine if the controls are manual or automated.
Identify any gaps in current controls.
Create a Procedural Outline Document significant transaction classes. ...
Are the controls designed appropriately to either prevent or detect any errors, omissions or fraud?
Have the controls been sufficiently implemented?
DA: 13 PA: 72 MOZ Rank: 27