Answer_to_questions_in_tutorial_6

Answer_to_questions_in_tutorial_6 - Answer to questions in...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Answer to questions in tutorial 6 A: Multiple Choice Questions 1. (a); 2. (a); 3. (a); 4. (c) B: Problem Solving Question 1. A schedule showing the pertinent transaction-related audit objectives and application controls for each type of misstatement is as follows: MISSTATEMENT TRANSACTION-RELATED AUDIT OBJECTIVE COMPUTER-BASED CONTROLS 1. A customer order was filled and shipped to a former customer that had already gone into liquidation. . Recorded transactions exist . Pre-processing authorisation . Pre-processing review . Programmed controls (e.g., comparison to customer file) 2. The sales manager approved the price of goods ordered by a customer, but she wrote down the wrong price. . Transactions are stated at the correct amounts . Pre-processing review . Programmed controls (e.g., comparison to the online authorised price list) 3. Several remittance advices were prepared ready for data entry. The cash receipts clerk stopped for coffee, placed them on a box, and failed to deliver them to the data
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Answer_to_questions_in_tutorial_6 - Answer to questions in...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online