nBusiness Performance Reviews
- nSupervisory controls assess whether other transaction control activities (for example, a
- reconciliation) are being performed completely, accurately and according to
- policy and procedure.
nA supervisor may review whether an accounting clerk performs a reconciliation according to policy. This may be a:
nHigh level review (checking if the reconciliation spreadsheet has been completed)
nDetailed review (checking if any reconciling items have been followed up on and corrected)
nIn the above example, the high level review is a monitoring activity and the detailed review is a control activity