P12.6

12.6.Create a questionnaire checklist that can be employ to tax controls for for apiece one of the four basic activities in the revenue meantime ( gross sales companionship entry, expatriation, charge, and cash collections). A.)For each(prenominal) control issue, write a Yes/No question such that a No heart and soul repre directs a control weakness. For example, one question might be, are customer credit limits set and modified by a credit manager with no sales responsibility? B.)For each Yes/No question, write a brief ex patternation of why a No answers represents a control weakness. A.) Questions Yes No 1.) be pick list quantities compared to sales auberges? 2.) Is access to master information dependant? 3.) Does a backup and disaster recovery visualize follow? 4.) Have backup procedures been tested within the prevail sixsome month? 5.) argon digital signatures required for online orders? 6.) be shipping documents reconciled with sales orders? 7.) Is physical access to stock certificate controlled? 8.) Are appropriate data entry edit controls used? 9.) Are monthly statements sent to customers? 10.

) Are the shipping and billing functions performed by different employees? 11.) Are the credit approval and sales order entry duties performed by different employees? 12.) Is the master data regularly checked and all changes review thoroughly? 13.) Is culture medium data encrypted while stored in the database! ? B.) Explanation for a NO answer 1.) non checking the picking list to sales orders can impression in wrong product or the wrong total shipped to customers. 2.) open access to master files could allow fraud by permit employees to change information to hide theft. 3.) An organization could get all important(predicate) information if a backup and recovery plan is not in place. 4.) Back up may not depart if not regularly tested. 5.) Orders may be bear upon and sent that the customer later...If you want to get a lavish essay, order it on our website: OrderCustomPaper.com

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