00:01
Hello students, here is a question.
00:02
Let us solve that.
00:03
The following are deficiency of internal control over cash.
00:07
So there are five cases given here.
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We have to find out the auditor procedure for each.
00:13
That will be our first step.
00:15
So first is case a.
00:19
The duties in mail room are insufficient, are insufficiently divided.
00:39
So the auditor procedure will be expand client confirmation, pick up a range for regular transactions and monitor reimbursement allowance for account receivable.
00:49
So for case b, it is evidence that remittance advice not prepared.
01:09
So the auditor procedures will be expand client confirmation, pick up the range of regular transactions and monitor reimbursement allowance for an account receivable.
01:20
So in case c, the weakness will be backup evidence is not cancelled...