- 6 Marks
Question
i. State THREE tests to be carried out when auditing a revenue collector.
(3 Marks)
ii. Identify any THREE internal control questionnaires to evaluate the operation of imprest accounts.
(3 Marks)
Answer
i. Audit Tests for Revenue Collector:
- Confirm all revenue collected has been deposited promptly in the appropriate accounts.
- Verify that receipts issued for payments correspond to records in the cashbook or register.
- Confirm that revenue collected is correctly recorded and reported in compliance with financial regulations.
ii. Internal Control Questionnaires for Imprest Accounts:
- Are payments made from the imprest account properly authorized?
- Is there regular reconciliation of imprest account balances with the main cash book?
- Are replenishments to the imprest account made only after supporting documentation is reviewed?
- Topic: Public sector audit
- Series: NOV 2015
- Uploader: Kwame Aikins