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Week 5 - Discussion...
The population of the US in 1960 was 85% white. A hundred years later, it is expected to be 43% white ("The Next America", 2014). Currently, the distribution of race in the US is 64% white, 13% black,...

Week 5 - Discussion 1
Week 5 - Discussion 1

The population of the US in 1960 was 85% white. A

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I have often considered German sociologist Max Weber as a prominent figure and in fact, he is a stalwart so far as the huge gamut of sociology is concerned. I have often looked up to him for his profo...

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Discussion 1

I have often considered German sociologist Max Web

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Lipids can be defined as a significant class of biological molecules that play a number of crucial roles in different processes and are major components of foods of both plant and animal origin. The p...

Chapter 6 Wrap up
Chapter 6 Wrap up

Lipids can be defined as a significant class of bi

Case Study V

Case Study V

Q In this exercise you will complete Part V, the fifth of the seven parts that make-up this case study. Note: Consult the Course Calendar area of the course Web site for the dates when the different parts are due to be submitted for grading. Part V The Pinnacle files that you will need for Part V can be accessed using the link below. They are associated with Chapter 14 of your textbook, which is assigned reading for this module. Note: You should download these files and do your work in them. When you have completed your work you should save it and upload the files to send to your mentor. Case Study Files for Part V • Part V: Key Control Lists Use the Add submission button below to submit your assignment.

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Key Controls Test of Control Substantive Test of Transaction 1. Segregation of the purchasing, receiving, and cash disbursements functions. Purchasing, receiving, and a single individual should not control cash disbursements. It could lead to the possibility of fraud. Observation: The auditor can check to see if different people handle all three functions. Controls must be validated. A copy of the purchase invoice, goods receipt note, and cash payment vouchers may be obtained by the auditor to verify if separate people are completing these tasks or not. 2. Use of prenumbered voucher packages, properly accounted for. The use of pre-numbered vouchers precludes transaction backdating and the deletion of a voucher; in the absence of pre-numbered vouchers, a coupon can be withdrawn. Observation: The auditor can check to see if all of the vouchers are pre-numbered. The auditor may get a copy of the vouchers to check for pre-numbering.