问题详情

(a)ISA315IdentifyingandAssessingtheRisksofMaterialMisstatementthroughUnderstandingtheEntityandItsEnvironmentdescribesthefivecomponentsofanentity’sinternalcontrol.
Required:
IdentifyandbrieflyexplaintheFIVEcomponentsofanentity’sinternalcontrol.(5marks)
(b)BonsaiTradingCo(Bonsai)manufactureselectricalequipment,anditsyearendis30September2015.YouaretheauditsupervisorofPoplar&Coandaredevelopingtheauditprogrammesfortheforthcominginterimaudit.Thecompany’sinternalauditdepartmenthasprovidedyouwithdocumentationrelatingtothenon-currentassetscycleincludingtherelatedcontrolslistedbelow.
–Bonsaihasacapitalexpenditurecommitteeandallpurchaseordersforcapitalitemsarerequiredtobeauthorisedbythiscommittee.
–Onreceipt,eachassetisassignedauniqueserialnumberandthisisrecordedontheassetandinthenon-currentassetsregister.
–Whentheassetarrives,agoodsreceivednote(GRN)iscompletedwhichdetailsthenatureoftheexpenditure(i.e.whetheritiscapitalorrevenue),andtheGRNclassificationisreviewedandinitialledbyaresponsibleofficial.CopiesoftheGRNsrelatingtocapitalexpenditurearethensubmittedtothefinancedepartmentforupdatingofthenon-currentassetsregister.
–Periodically,internalauditundertakesareviewofassetsintheregisterandcomparesthemtoassetsonsite,usingtheserialnumbertoconfirmexistenceoftheasset.
–Accesstothenon-currentassetsregisterisrestrictedthroughpasswordstoasmallnumberofstaffinthefinancedepartment.
Required:
DescribeatestofcontrolwhichtheauditorofBonsaiTradingCowouldperform.toassesswhetherornoteachofthenon-currentassetcontrolslistedaboveisoperatingeffectively.(5marks)
请帮忙给出正确答案和分析，谢谢！