You are the auditor of Swanson Glass, Inc., a manufacturer of glass vases.Your intern has asked for clarification on the controls over the purchase returns and allowances for Swanson Glass.Provide your intern with an example of two control activities useful in reducing the risk of misstatements over purchase returns and allowances, focusing on the occurrence of such transactions.

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The Answer of You are the auditor of Swanson Glass, Inc., a manufacturer of glass vases.Your intern has asked for clarification on the controls over the purchase returns and allowances for Swanson Glass.Provide your intern with an example of two control activities useful in reducing the risk of misstatements over purchase returns and allowances, focusing on the occurrence of such transactions.

You Are the Auditor of Swanson Glass, Inc