This activity has two problems. Each problem will give you information and data and then ask you a series of questions. In the first problem, you will use the given information to test the effectiveness of the internal controls of a company’s inventory balances. In the second problem, you will use the given information as well as data from a table to test a company’s cash balances. a. Complete the following table to identify six internal controls and tests of controls that can be used to test the effectiveness of internal controls over inventory.
Get Free Quote!
318 Experts Online