I’m Sipit. I’m an accounting student. I have a homework about auditting and I was difficult to answer it. here, the question.
Gree,CPA, has been engaged to audit the financialo statements of Star Manufacturing, Inc. Star is a medium-sized entity that produces a wide variety of household goods. all acquisitions of materials are processed through the purchasing, receiving,accounts payable, and treasury function.
prepare the purchase order and receiving segments of the internal control qustionnaire to be used in the evaluation of Star’s interbal control structure. Each question should elicit either a Yes or No response.
Do not prepare segments of the internal control questionnaire for other functions.
Donot discuss the internal control over purchases