Transaction cycle methodology
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Transaction Cycles |
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The procurement and payment cycle |
There were 4,000 purchase orders that totaled $55 M for raw material. There is concern that not all purchases were completed using formal purchase orders, receipts did not match payment authorizations, and purchase orders were missing. |
Also must discuss the following:
Determine the appropriate methodology for designing tests of controls and substantive tests of transactions in full details explanation with good example
Need at least one scholar references and have APA format for citations in the paper. For this transcaction cycle need to address the following in details ( 1 page)
In preparation for the year-end audit at Bovar Company, your team will create a presentation to management for its approval. Complete the following:
;should present the methodology that he or she developed for his or her transaction cycle to the group, which should address the aforementioned control issues. And ;how to address the identified control issues.
On the above transaction should provide 2 slides regarding the methodology for above transaction cycles for the f,ollowing:
o ; Designing tests of controls
o ; Designing substantive tests of transactions
· ; The 2 slides and speaker need to be included with proper citation. The speaker notes must be 150 – 200 words.
DEADLINE: ; Friday morning or sooner please.
