An application control 2 An organizational control 3 An environmental control 4

An application control 2 an organizational control 3

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1. An application control2. An organizational control3. An environmental control4. A systems control 1
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f. The markup applied to an organization’s products varies between customers. Which of the following audit procedures ismost likely to uncover this? g. Which of the following is not a typical “rationalization” of a fraud perpetrator? h. How does an organization minimize the risk that agents in the purchasing department will use their positions for personal gain? i. Upon receipt of purchased goods, receiving department personnel match the quantity received with the packing slip quantity, and mark the retail price on the goods based on a master price list. The annotated packing slip is then forwarded to inventory control, and goods are automatically moved to the retail sales area. What is the most significant control strength of this activity? 1. Immediately pricing goods for retail sales2. Matching quantity received with the packing slip3. Using a master price list for marking the sale price4. Automatically moving goods to the retail sales area j. Which of the following is not likely to be included as an audit step when assessing vendor performance policies? k. Which of the following audit procedures would provide the least relevant evidence in determining that payroll payments were made to actual employees?
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