CAPE Accounting Unit 1 · 2008 · Paper 2 · Question 1(b)
Explain why a business should have an internal control system, including FIVE reasons in your response.
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Practise this questionOther parts of this question
- 1(a)Identify FIVE groups who use financial accounting information and state ONE purpose for which EACH group uses this information.[10 marks]
- 1(c)(i)For EACH of the six control procedures listed, identify the weakness in internal control.[6 marks]
- 1(c)(ii)For EACH of the six control procedures listed, suggest a change in the procedure that will result in good internal control.[6 marks]
- 1(c)(iii)Identify FOUR internal control principles that have been violated by the procedures currently in place at Balandra Clothing Store.[8 marks]
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