Accountancy Task
ACC00718 - Assessment Task Two – Session One 2019 Scenario “A” A major Australian Public Company ran promotions advertising for a number of its products through a promotions company. The promotions company falsely inflated the number of responses it received from purchasers of the company’s product. The false number of respondents was invoiced by the promotions company to the public company resulting in the over payment of thousands of dollars. The records kept by the promotions company were those on its computer database as well as manual batch numbers of responses to the promotions. REQUIRED Identify five (5) procedures and checks that would have reduced the risk to the victim company? Scenario “B” You were engaged to conduct an examination on an Australian subsidiary of an American company following a discovery by the financial controller that freight and travel expenses were too high during a certain period. You have found the following: ...