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(Click the icon to view the intemal controls.) i Click the icon to view the test of controls.) Begin by selecting one internal control for each of the six transaction-related audit objectives for cash disbursements. Then, for ea Internal Test of Transaction-Related Audit Objectives Control Controls 1. Recorded cash disbursements are for goods and services actually received (occurrence) 2. Existing cash disbursement transactions are recorded (completeness). 3. Recorded cash disbursement transactions are accurate (accuracy) 4. Cash disbursement transactions are correctly included in the accounts payable master file and are correctly summarized (posting and summarization) 5. Cash disbursement transactions are correctly classified (classification) 6. Cash disbursement transactions are recorded on the correct dates (timing). Cho ose from any drop-down list and then continue to the next question. Save for Later 1 Intermal controls Test of Controls a. Accounts payable master file contents are internally veried. b. Computer accepts entry of purchases only from authorized vendors in the i. Examine bank reconciliations and observe their preparation. ii. Examine procedures manual and chart of accounts. ii. Account for a sequence of purchase orders iv. Discuss with personnel and observe activities V. Attempt to input transactions with valid and invalid vendors. vi. Examine indication of internal verication vili. Account for a sequence of vouchers vii. Account for a sequence of checks ix. Examine procedures manual and observe whether unrecorded checks exist vendor master file Procedures require recording of transactions as soon as possible after the c. check has been signed. d. Checks are prenumbered and accounted for. e. Batch totals are compared with computer summary reports f. An adequate chart of accounts is used. g. The bank reconciliation is prepared monthly by an independent person. h. Vendors' invoices, receiving reports, purchase orders, and purchase requisitions are internally verified i. There is adequate segregation of duties between accounts payable and Print Done custody of signed checks Print Done ater Type here to search

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