You have completed your audit of Tinga Tinga Ltd. You have issued a management letter to the Chief Accountant which identifies weaknesses in the controls over sales. Cash is received over the counter, from salesmen and also through the post. Tinga Tinga Ltd‘s Chief Accountant has asked you for recommendations as to the type of controls you would wish to see in operation in a sales system.Required:Outline the controls you would expect to find in Tinga Tinga Ltd‘s sales system with regard to: Banking of cash received

Banking of cash received
Cash received should be kept in a safe awaiting banking;
It might be necessary to engage a security company when transporting the cash to the bank;
Banking should be done by a person independent of the cashiering function;
The banking hours should be rotated to reduce the security risk;
Cash deposit slips should be prepared for all the cash banked and the amounts recorded in the cashbook.

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You have completed your audit of Tinga Tinga Ltd. You have issued a management letter to the Chief Accountant which identifies weaknesses in the controls over sales. Cash is received over the counter, from salesmen and also through the post. Tinga Tinga Ltd‘s Chief Accountant has asked you for recommendations as to the type of controls you would wish to see in operation in a sales system.Required: Outline the controls you would expect to find in Tinga Tinga Ltd‘s sales system with regard to: Cash sales within Tinga Tinga Ltd‘s premises
You have completed your audit of Tinga Tinga Ltd. You have issued a management letter to the Chief Accountant which identifies weaknesses in the controls over sales. Cash is received over the counter, from salesmen and also through the post. Tinga Tinga Ltd‘s Chief Accountant has asked you for recommendations as to the type of controls you would wish to see in operation in a sales system. Required: Outline the controls you would expect to find in Tinga Tinga Ltd‘s sales system with regard to: Cash collected by salesman
You have completed your audit of Tinga Tinga Ltd. You have issued a management letter to the Chief Accountant which identifies weaknesses in the controls over sales. Cash is received over the counter, from salesmen and also through the post. Tinga Tinga Ltd‘s Chief Accountant has asked you for recommendations as to the type of controls you would wish to see in operation in a sales system.Required:Outline the controls you would expect to find in Tinga Tinga Ltd‘s sales system with regardto: Cash receipts by post
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―Most errors in computer based accounting systems can be traced to faulty input. Controls over the completeness and validity of all inputs are vital. Control over data conversions, controls over rejections and their correction and reprocessing, batch controls and computer edit controls affect both completeness and validity‖. Required: What controls can be established over validity?
Printa Limited is a large printing company, which has an on-line computer accounting system. The system is based around a central main frame computer, with terminals serving individual departments. As part of the interim audit work, you have been asked to carry out a preliminary evaluation of ;•The integrity of the data base as far as it is relevant to your audit and,•The effectiveness of the computer controls over sales and debtors.Required: Set out the points, which you would raise, in your preliminary evaluation of controls over sales and debtors
―Most errors in computer based accounting systems can be traced to faulty input. Controls over the completeness and validity of all inputs are vital. Control over data conversions, controls over rejections and their correction and reprocessing, batch controls and computer edit controls affect both completeness and validity‖. Required: Explain the controls that can be established over completeness of input
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The internal control system encompasses all the policies and procedures adopted by the management of an entity to assist it in achieving management objectives.Required:List and briefly explain five control objectives that an internal control system over sales aims to achieve
You are the auditor of Bei Nafuu Supermarkets Limited across the country. The management has informed you that they intend to set up an internal audit function. Required: Explain four controls that you would expect to find in Bei Nafuu Supermarkets Limited
Section 28 of the Accountants Act (Cap 531) identifies acts and omissions, which constitute professional misconduct by a certified public accountant. Enumerate the salient commissions and omissions which constitutes professional misconduct?
Printa Limited is a large printing company, which has an on-line computer accounting system. The system is based around a central main frame computer, with terminals serving individual departments. As part of the interim audit work, you have been asked to carry out a preliminary evaluation of ;•The integrity of the data base as far as it is relevant to your audit and, •The effectiveness of the computer controls over sales and debtors.Required: Describe the controls, which you would expect to be in operation in order to maintain integrity of the database
What are the main objectives of an internal control system?

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