You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares
company. You obtain an understanding of the ordering function within the revenue and
receipts cycle at Fix-IT Ltd. All orders are captured by the debtors' clerk who will input
the order on the revenue system by creating an internal sales order and capturing the
order details. Which one of the following programme controls should be implemented
to ensure that the order quantity is accurate before processing the order?
a.
Alpha numeric check
b.
Limit check
c.
Mandatory fields check.
d.
Validation check
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares
company. In obtaining an understanding of the inventory function, you perform the
following walk-through procedure: You walk through the warehouse and notice that the
receiving and despatch sections are separated by glass and locked doors. Mr Thato
shows you with his personnel card that he can open both doors based on his role as
warehouse manager. Which one of the following alternatives best describes the control
activity achieved by the above-mentioned procedure performed in the warehouse of Fix-
IT Ltd?
a.
Custody control
b.
Access control
c.
Segregation of duties
d.
Isolation of responsibility
, You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares
company.You obtain an understanding of the revenue and receipts cycle at Fix-IT
Ltd.When capturing debtors’ amendment forms to the debtors masterfile, the debtors
clerk will only key in the debtors account number to bring up all the details of the
debtor.Which one of the following control objectives will be achieved by the above-
mentioned procedure?
a.
Accuracy and completeness of keying of information
b.
Validity of keying of information
c.
Accuracy of keying of information
d.
Completeness of keying of information
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares
company. You obtain an understanding of the warehouse function within the revenue
and receipts cycle at Fix-IT Ltd. Once the warehouse clerk accesses the sales order for
picking, the picking slip is printed and given to the pickers. Which of the following
controls should Fix-IT Ltd implement to ensure that sales orders are not duplicated for
picking?
a.
The picking slip should be allocated a unique number.
b.
The internal sales order form should be deleted from the file.
c.
The system should allocate a unique code to the internal sales order form to show it’s in
the picking stage.
d.
The internal sales order form should be attached to the picking slip.
company. You obtain an understanding of the ordering function within the revenue and
receipts cycle at Fix-IT Ltd. All orders are captured by the debtors' clerk who will input
the order on the revenue system by creating an internal sales order and capturing the
order details. Which one of the following programme controls should be implemented
to ensure that the order quantity is accurate before processing the order?
a.
Alpha numeric check
b.
Limit check
c.
Mandatory fields check.
d.
Validation check
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares
company. In obtaining an understanding of the inventory function, you perform the
following walk-through procedure: You walk through the warehouse and notice that the
receiving and despatch sections are separated by glass and locked doors. Mr Thato
shows you with his personnel card that he can open both doors based on his role as
warehouse manager. Which one of the following alternatives best describes the control
activity achieved by the above-mentioned procedure performed in the warehouse of Fix-
IT Ltd?
a.
Custody control
b.
Access control
c.
Segregation of duties
d.
Isolation of responsibility
, You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares
company.You obtain an understanding of the revenue and receipts cycle at Fix-IT
Ltd.When capturing debtors’ amendment forms to the debtors masterfile, the debtors
clerk will only key in the debtors account number to bring up all the details of the
debtor.Which one of the following control objectives will be achieved by the above-
mentioned procedure?
a.
Accuracy and completeness of keying of information
b.
Validity of keying of information
c.
Accuracy of keying of information
d.
Completeness of keying of information
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares
company. You obtain an understanding of the warehouse function within the revenue
and receipts cycle at Fix-IT Ltd. Once the warehouse clerk accesses the sales order for
picking, the picking slip is printed and given to the pickers. Which of the following
controls should Fix-IT Ltd implement to ensure that sales orders are not duplicated for
picking?
a.
The picking slip should be allocated a unique number.
b.
The internal sales order form should be deleted from the file.
c.
The system should allocate a unique code to the internal sales order form to show it’s in
the picking stage.
d.
The internal sales order form should be attached to the picking slip.
