AUE2602
ASSIGNMENT 3
SEMESTER 2
28TH SEPTEMEBER 2023
, 1. 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
2. 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
ASSIGNMENT 3
SEMESTER 2
28TH SEPTEMEBER 2023
, 1. 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
2. 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
