Which one of the following is not a segregation of duties applicable to a well-designed OE/S...
Which one of the following is not a segregation of duties applicable to a well-designed OE/S process?
-customer sales and service segregated from logistics
-warehousing segregated from shipping
-order picking segregated from warehousing
-customer sales and service segregated from credit approval
-All of the above
-None of the above
Homework Answers
All of the above are not a segregation of duties applicable to a well-designed OE/S process.
So, the answer is-All of the above.
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Which one of the following is not a segregation of duties
applicable to a well-designed OE/S...
THIS CLASS IS ACCOUNTING INFORMATION SYSTEMS Which one of the following is not a segregation of...
THIS CLASS IS ACCOUNTING INFORMATION SYSTEMS Which one of the following is not a segregation of duties applicable to a well-designed OE/S process? -customer sales and service segregated from logistics -warehousing segregated from shipping -order picking segregated from warehousing -customer sales and service segregated from credit approval -All of the above -None of the above
3. The four events-processing functions that constitute the segregation of duties control plan are A. Authorizing...
3. The four events-processing functions that constitute the segregation of duties control plan are A. Authorizing events B. Executing events C. Recording events D. Safeguarding resources Required Below is a list of ten events-processing activities, five relating to the cycle of activities involved in processing a sales event and seven relating to the cycle for a purchase event. Classify each of the twelve activities into one of the four functional categories listed above by placing the letter A, B, C,...
help asap Indicate which of the following audit procedures, used as tests of controls, do NOT...
help asap
Indicate which of the following audit procedures, used as tests of controls, do NOT involve audit sampling: 1) Observing and evaluating segregation of duties. 2) Testing of whether sales invoices are supported by authorized customer orders and shipping documents. 3) Reviewing client's procedures for accounting for the numerical sequence of shipping documents 4) Examining sales orders for proper credit approval. 5) Recomputing the information on copies of sales invoices. 6) Comparing the average days outstanding in accounts receivable...
give explanation Indicate which of the following audit procedures, used as tests of controls, do NOT...
give explanation
Indicate which of the following audit procedures, used as tests of controls, do NOT involve audit sampling: 1) Observing and evaluating segregation of duties. 2) Testing of whether sales invoices are supported by authorized customer orders and shipping documents 3) Reviewing client's procedures for accounting for the numerical sequence of shipping documents 4) Examining sales orders for proper credit approval. 5) Recomputing the information on copies of sales invoices. 6) Comparing the average days outstanding in accounts receivable...
QUESTION 2 The following is a list of 10 control plans and ten system failures that...
QUESTION 2 The following is a list of 10 control plans and ten system failures that have control implications. Match the letter from the list of the best control plan to prevent the system failure from occurring. A letter should be used only once I can approve all customer orders. a. b. Any correcting entries to be made by the customer service representative are done at a later time Procedures for rejected inputs rather than as the data is input...
The following describes the dales procedures for a hypothetical company. All procedures are manual and use...
The following describes the dales procedures for a hypothetical company. All procedures are manual and use hard-copy documents. The sales department clerk receives a customer orders from the customers and prepares a three-part sales order. The three copies are sent to the credit department for approval, where the clerk reviews the Customer Credit Records. After approval, the credit department clerk returns one copy of the sales order to the Sales Department, where it is reviewed and filed. The remaining two...
If you need help handling occasional shipping to certain areas, what would be a good type...
If you need help handling occasional shipping to certain areas, what would be a good type of relationship to have with a 3PL? a. Partnership b. Transactional c. Cooperative d. Strategic Collaboration What type of 3PL relationships are win-win, driven by scale, and characterized by joint planning and value-added services? a. Partnership b. Transactional c. Cooperative d. Strategic Collaboration As transportation speeds up a. Transportation cost increases b. The cost of transportation declines c. Lost sales will decrease d. All...
Assume that GBI is currently working with a manual system. The company uses the following 26...
Assume that GBI is currently working with a manual system. The company uses the following 26 steps when they sell standard goods to the customers: A customer sends a purchase order for off-road bicycles to a GBI employee. A GBI employee compares the customer’s purchase order to determine if the customer’s master data is in the system and is correct. If the customer master data is not in the system or is incorrect, then the master sales and distribution data...
Which one of the following is a true statement with regard to Kantian ethics? A) Duties...
Which one of the following is a true statement with regard to Kantian ethics? A) Duties are more general than imperatives. B) All moral imperatives are categorical. C) No one ever acts from the motive of duty. D) We can prove that persons are autonomous. E) All of the above
Peyton Electronics, Inc (PEI) is a small wholesale discount supplier of electronic instruments and parts. PEI’s...
Peyton Electronics, Inc (PEI) is a small wholesale discount supplier of electronic instruments and parts. PEI’s competitive advantage is its deep-discount, three-day delivery guarantee, which allows retailers to order materials often to minimize in-store inventories. PEI processes its records with stand-alone, incompatible computer systems except for integrated enterprise resource planning (ERP) inventory and accounts receivable modules. PEI decided to finish integrating its operations with more ERP modules, but because of cash flow considerations, this needs to be accomplished on a...
3. The four events-processing functions that constitute the segregation of duties control plan are A. Authorizing events B. Executing events C. Recording events D. Safeguarding resources Required Below is a list of ten events-processing activities, five relating to the cycle of activities involved in processing a sales event and seven relating to the cycle for a purchase event. Classify each of the twelve activities into one of the four functional categories listed above by placing the letter A, B, C,...
help asap
Indicate which of the following audit procedures, used as tests of controls, do NOT involve audit sampling: 1) Observing and evaluating segregation of duties. 2) Testing of whether sales invoices are supported by authorized customer orders and shipping documents. 3) Reviewing client's procedures for accounting for the numerical sequence of shipping documents 4) Examining sales orders for proper credit approval. 5) Recomputing the information on copies of sales invoices. 6) Comparing the average days outstanding in accounts receivable...
give explanation
Indicate which of the following audit procedures, used as tests of controls, do NOT involve audit sampling: 1) Observing and evaluating segregation of duties. 2) Testing of whether sales invoices are supported by authorized customer orders and shipping documents 3) Reviewing client's procedures for accounting for the numerical sequence of shipping documents 4) Examining sales orders for proper credit approval. 5) Recomputing the information on copies of sales invoices. 6) Comparing the average days outstanding in accounts receivable...
QUESTION 2 The following is a list of 10 control plans and ten system failures that have control implications. Match the letter from the list of the best control plan to prevent the system failure from occurring. A letter should be used only once I can approve all customer orders. a. b. Any correcting entries to be made by the customer service representative are done at a later time Procedures for rejected inputs rather than as the data is input...
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