EXHIBIT 8C.22.1 Clock Bank YTD General Management Reports Cards Statements Payrolls Records Ledger Diagram of Payroll Tests of Controls Sample Trace Time Trace Sample Vouch Time Trace Vouch Checks Trace Vouch Transfer Recalculate All Reconcile

Questions - Images to these questions are attached below. (a) Recommend SIX tests of controls the auditor would normally carry out on the sales system of Tinkerbell, and explain the objective for each test. (b) Describe substantive procedures the auditor should perform to confirm Tinkerbell’s yearend receivables balance  (c) Identify and explain controls Tinkerbell should implement to reduce the risk of fraud occurring again and, for each control, describe how it would mitigate the risk. (d) Describe substantive procedures the auditor should perform to confirm Tinkerbell’s revenue.

The auditors have determined that each of the following objectives will be a part of the audit of SSC Corporation.  While several procedures will ordinarily address an audit objective, select the procedure most directly related to the audit objective.  Each procedure may be used once, more than once, or not at all. 1. All receivables that should be recorded are recorded as of year-end. 2. Recorded receivables are at appropriate net realizable values. 3. Recorded receivables exist. 4. The client has rights to recorded year-end receivables. 5. The presentation and disclosure of receivables are adequate.     Trace a sample of sales invoiced from late in December to the sales journal and to postings in accounts receivable and sales amounts.   Review the aged trial balance for significant past due accounts.   Review board of director minutes and underlying contracts and sales terms with customers.   Vouch year-end accounts…

Client Control Procedures and Audit Tests of Controls. Exhibit 7.64.1 contains an arrangement of examples of transaction errors (lettered a–g) and a set of client control procedures and devices (numbered 1–15).Required:For each client control procedure numbered 1–15, write a test of controls that could produce evidence on the question of whether the client’s control procedure has been implemented and is in operation.