- 20 Marks
AA – L2 – Q35 – Internal Control Systems
List internal controls for capital and revenue expenditure on a vehicle fleet at Countrywide Retail. List tests of control for capital and revenue expenditure on a vehicle fleet at Countrywide Retail.
Question
The transport department of Countrywide Retail operates a fleet of 100 motor vehicles. Some vehicles are purchased for cash and some are leased.
(a) List the internal controls you would expect to see in place over capital and revenue expenditure on the vehicle fleet.
(b) Set out the tests of control that the auditor might perform over capital and revenue expenditure on the vehicle fleet.
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