Answer to Question #52914 in Accounting for Abdulla Sabit
II. Checks calculations, accuracy of figures and postings involving business transactions posted by other workers.
III. Update cash handling rules for all payment receipt in the organization in a timely and accurate manner. This means that he or she ensures that the norms governing payments are adhered to.
IV. Monitors cash handling for all payment receipt in the organization.
V. Scrutinizes accounts books and accounts systems for effectiveness efficiency and proper use of accepted accounting steps to record transactions.
VI. Gathers useful evidence and observes tests compares and confirms until he or she gains reasonable assurance. The auditor then creates an opinion of whether the financial statement is free of material misstatement due to fraud or error.
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