Question 3b
Marking Guide
strengths in control environment | |
| up to 1 mark for identification of strength and a further 1 mark for impact on control risk, but maximum 12. | |
| approval of budgets | |
| updating of budget | |
| matching operation adequate | |
| assessment of operation of equipment | |
| independent updating and holding of non-current assets register | |
| independent tests on non-current assets register | |
| internal audit tests on existence | |
| internal audit review of whole system | |
| pre numbered goods received notes update budget | |
| permanent identification on assets | |
| automatic update of register with purchase invoice | |
| maximum marks | 12 |