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    Contributed February 12, 2002 by Gillian Lambert

    Uploaded by

    Ash
    Journals present risks that unauthorized or inaccurate entries could be processed. To manage these risks, budgets holders must authorize journal documents before processing. All journals require complete supporting documentation and descriptions. Supporting documents are cancelled after processing to prevent duplicate entries, and journals include cross-references to link related entries. Audit tests are used to confirm proper authorization, presence of supporting documentation, and cancellation of documents.

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    Contributed February 12, 2002 by Gillian Lambert

    Uploaded by

    Ash
    5 views1 page
    Journals present risks that unauthorized or inaccurate entries could be processed. To manage these risks, budgets holders must authorize journal documents before processing. All journals require complete supporting documentation and descriptions. Supporting documents are cancelled after processing to prevent duplicate entries, and journals include cross-references to link related entries. Audit tests are used to confirm proper authorization, presence of supporting documentation, and cancellation of documents.

    Original Description:

    Audit control

    Original Title

    Journal AP

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    Journals present risks that unauthorized or inaccurate entries could be processed. To manage these risks, budgets holders must authorize journal documents before processing. All journals require complete supporting documentation and descriptions. Supporting documents are cancelled after processing to prevent duplicate entries, and journals include cross-references to link related entries. Audit tests are used to confirm proper authorization, presence of supporting documentation, and cancellation of documents.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    5 views1 page

    Contributed February 12, 2002 by Gillian Lambert

    Uploaded by

    Ash
    Journals present risks that unauthorized or inaccurate entries could be processed. To manage these risks, budgets holders must authorize journal documents before processing. All journals require complete supporting documentation and descriptions. Supporting documents are cancelled after processing to prevent duplicate entries, and journals include cross-references to link related entries. Audit tests are used to confirm proper authorization, presence of supporting documentation, and cancellation of documents.

    Copyright:

    © All Rights Reserved
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    Contributed February 12, 2002 by Gillian Lambert <lambertg@soekor.co.

    za>
    AUDIT PROGRAM - JOURNALS

    RISK AREA

    MANAGEMENT & CONTROL

    1.Risk that unauthorised journals


    are processed.

    Budget holder that request


    journal
    authorises
    the
    documents before
    the journal is processed.

    2.Risk that journals that are


    processed are not valid,
    complete or accurate.

    All journals are supplied with necessary


    supporting documentation. All journals
    must include completed
    descriptions.

    3.Risk that journal entries are


    duplicated.

    All supporting documentation


    attached to journals are
    cancelled. All journals include crossreferencing to other journals or to original
    documentation.

    supporting

    TESTS
    Confirm that journal entries are
    properly authorised by Head: Financial
    Accounts or Head: Management
    Accounts(AU)
    Confirm that supporting documentation
    is attached to journals.(CO)

    Ensure that supporting documentation


    attached to journals are cancelled after
    processing.

    W/P REF

    REP
    REF

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