Internal Control Questionnaire Items: Errors that Could Occur from Control Weaknesses

Accounting Jan 26, 2021

Internal Control Questionnaire Items: Errors that Could Occur from Control Weaknesses. Refer to the internal control questionnaire on a payroll system ( Exhibit 5.11 ).

a. Assume that the answer to each question is no. Prepare a table matching the questions to errors or frauds that could occur because of the absence of the control. Your column headings should be

b. Which controls are preventive controls and which are detective?

Exhibit 5.11