Syllabus C3

a) Describe and illustrate control procedures to meet specified objectives for each of the following areas: 
• purchases and trade payables • sales and trade receivables • wages and salaries (payroll) • tangible non-current assets
• inventory • bank receipts and payments • cash receipts and payments.

b) Explain the purpose of tests of controls. 

c) Explain the testing of controls over the following areas: 
• purchases and trade payables • sales and trade receivables • wages and salaries (payroll) • tangible non-current assets
• inventory • bank receipts and payments • cash receipts and payments.

d) Distinguish between tests of controls and substantive procedures. 
e) Distinguish between application controls and general IT controls and identify the objectives of each control type.
f) Provide examples of specific application controls and general IT controls. 
g) State the typical control problems encountered in small computer-based systems.