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You are the audit manager of ChefNZ Ltd, a large company, whichruns a number of select gourmet restaurants throughout New Zealand.During the planning phase for the current year audit, you note thefollowing information:Darcy Strong, the general manager has discovered a fraud involvingthe theft of more than $70,000 of cash. The person(s) who stole thecash were waiters/waitresses who simply pocketed any cash theyreceived from restaurant customers and destroyed the manuallygenerated hard copy bills for the orders charged to thesecustomers. No correcting entries have been posted as yet, becausethe fraud is still being investigated and Darcy is not sure ofexactly how much money has been stolen.You plan to ensure that relevant Internal Control Questionnaires(ICQs) are checked to ensure that they properly cover the abovescenario.Required:a) Identify and explain which financialstatement assertion is currently not true with regard to therestaurant sales amount in the accounting records of ChefNZLtd.b) Identify two internal controls you would expectto be in place to prevent and/or detect theft of this nature. Youranswer should include identifying at least one relevant controlfrom any two of the following possible categories ofcontrols:i) source document design;ii) independent checks or reconciliations; andiii) personnel or segregation of duties.c) Briefly explain what an Internal ControlQuestionnaire (ICQ) is and what it is used for.d) State how you would test each of the controlsexamples which you have identified in (b) above, using a differentaudit procedure for each.