Essay about ICC-3

Submitted By marandamaynard920

Words: 337

Pages: 2

Open Document

ICC-3
Prepared by:
Reviewed by:

Index #
Strengths & Weaknesses
Audit Implication
Test of Controls Audit Plan
Compensating Substantive Procedures
S-1
Purchase Requisition Supervision
The approval of a purchase requisition by a supervisor ensures that the employee has prepared it correctly.
Observation and verification. Select a purchase requisition and verify it has been approved by a supervisor.

S-2
Receiving Department's “Blacked-Out” Quantity Purchase Order
The “Blacked-Out” Quantity copy ensures the Receiving Department counts the items received correctly.
Observation and verification. Select an incoming order, complete a physical count of the items received, and compare the quantity with the receiving report.

S-3
Signature of Receiving Clerk
The required signature of the Receiving Clerk further ensures the items received are counted correctly because it holds him/her accountable.
Observation and verification. After completing the above test of controls (S-2), meet with the clerk who signed the receiving report.

S-4

Comparison of External Packing Slip with Internal Purchase Order
The comparison of the External Packing Slip with the Internal Purchase Order verifies the order.
Observation and verification. Select an incoming order and compare the Internal Purchase Order with the External Packing Slip.

ICC-3.1
Prepared by:
Reviewed by:

S-5
Comparison of Disbursement Voucher with Voucher Package
After

Essay about International Chamber of Commerce (Icc)

Chamber of Commerce (ICC) is the largest, most representative business organization in the world. Its hundreds of thousands of member companies in over 130 countries have interests spanning every sector of private enterprise. * A world network of national committees keeps the ICC International Secretariat in Paris informed about national and regional business priorities. More than 2,000 experts drawn from ICC’s member companies feed their knowledge and experience into crafting the ICC stance on specific…

Words 1034 - Pages 5

History of Co Ops Essay

their common interests. NASCO began its work almost immediately on co-op development. Through a strong lobbying effort, student co-ops were able to get the federal government to allow the College Housing Program to make loans directly to them. These 3%, 30 -40 year term loans allowed student co-ops to be built in Berkeley, Los Angeles, Ann Arbor, Minneapolis, and Austin. NASCO's creation also added momentum to the strong student co-op development activity in Canada. During this time of federally…

Words 3281 - Pages 14

EXTENDED RESPONSES FOR LEGAL HSC Essay

Family Law Essay Q27 (a) Laws are defined to be rules which are determined and enforced by a sovereign power. These laws are developed in reflection of society’s beliefs, values and attitudes towards certain areas of life. However society is very dynamic and laws must be amended and reformed to meet these changes within society. Family law is a dynamic area of the law, with perceptions of family and family affairs constantly changing. Within family law there are three main areas of reform, firstly…

Words 1786 - Pages 8

Research Paper On Collegiate Sports

this year. b) Relevance i) Many people do not know exactly what it takes to play a sport at a collegiate level. c) Credibility i) I myself play soccer here at ICC and me having that experience makes me more knowledgeable about playing a sport at a collegiate level. d) Preview i) When I am completed with this speech I would like for you guys to…

Words 423 - Pages 2

Essay on Apollo Shoes - Internal Controls Solution

ICC-1 Apollo Shoes, Inc. Internal Control Questionnaire Sales Transaction Processing December 31, 2007 Objectives and Questions Yes, No, N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer's office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales and scrap sales. No available information, apparently not applicable…

Words 4090 - Pages 17

Emerald Coast Behavioral Hospital Case Study

ICC will not offer marriage or family counseling. ICC will not offer counseling to those under the age of 18. In the event Ms. Pifer suspects a client may need medication along with traditional therapy she will refer them to a qualified Psychiatrist. Ms. Pifer will work with individuals who feel they may be developing a substance use disorder. However, she reserves the right to refer them to a detox and rehabilitation facility if she feels they need this level of care. Once they have gone through…

Words 773 - Pages 4

Nt1310 Unit 4 Assignment 1

3.0 has a high speed of data rate.It has transfer rate of about 5Gbit/s(62MB/s).which is 10 times faster than USB 2.0. The popularity of USB 2 and USB 3 devices slowed adoption of Firewire, resulting in the slow decline of the connection, The firewire 400 and 800 has higher speed compared to the previous USB (except for 3.0), Firewire is rated at 3 Gbps (400) and 6 Gbps (800). while Ethernet which is for mainly networking is rated at 100Mbps . USB 3.0 has almost same specification with 2.0 in aspect…

Words 637 - Pages 3

Councillor and United States Essay

amendment 16 (economic) The amendment within the Constitution that gives Congress the power to collect taxes on income without apportioning it among the states. amendment 17 (political) The amendment supersedes Article I, § 3, Clauses 1 and 2 of the Constitution, under which senators were elected by state legislatures. amendment 18 (moral) "The 18th Amendment to the United States Constitution prohibited the manufacture, sale, transport, import, or export of alcoholic beverages.…

Words 958 - Pages 4

Essay U.S. History Industrial Notes

MASS PRODUCE GOODS 2. Expantion of RAILROADS 3. government ENCOURAGED IMMIGRATION A GREAT MANY IMMIGRANTS TO THE U.S. WERE PUSHED FROM THEIR HOMELANDS BY... 1. POLITICAL UPHEAL AT HOME 2. RELIGIOUS DISCRIMINATION 3. CROP FAILURES ENTREPRENEURS FUELED INDUSTRIALIZATION IN THE LATE 1800S 1. The American system of CAPITALISM in which individuals own MOST BUSINESSES 2. These ENTREPRENUERS invest money in products in order to make PROFITS 3. They benefited from LAISSEZ-PAIRE policies, which…

Words 978 - Pages 4

Rare Gem Essay

another issue Wisconsin could face. Because the last two payment of one million dollar were to be made after a period of 12 months intervals after the first draft was paid. So, if the currency fluctuates they might not get paid the amount as assured. 3. “Given the underlying characteristics of this transaction and the country involved, should First Midwestern Bank have been involved in the transaction and ultimately purchased the drafts?” Given the underlying characteristics of this transaction…

Words 1300 - Pages 6