[Marc]

Hello fellow CPA’s and CPA’s in the making… I have a simple and basic question:

If a checklist that would indicate the performance of an activity has to be completed, would that be considered some sort of a control… I don’t think that it would be a control, a control may be a review of that checklist by a supervisor? but then again I still have some doubt!

I also think that it would be the same for a reconciliation, a reconciliation itself – although it is somehow a control by itself, the real control is the review of the reconciliation by a supervisor…

I know that this is a very basic question, but I would appreciate some help,

Thanks,

Passed And got my license too ..

[Marc]

Bump ! 😛

Passed And got my license too ..

[Thrawn]

It could be a control. At my job many groups use checklists (perhaps of recs or monthly JEs) with sign-offs as steps are completed. These checklist sign-offs are indicative of the review of those recs or JEs. You can also use a checklist for a completeness check if the listing is system generated.

BEC 87 Feb 14
REG 84 Apr 14
FAR 82 Nov 14
AUD 86 Feb 15

[Author]

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