Week 1 Assignment
Discussion Question 2-2
By using pre-numbered checks to write up customer orders at restaurants is an example of a good
internal control. It helps managers to calculate how much payments should received from
customers by comparing
Week 2 Assignment
a) If I were the internal auditor, I would recommend management team to design and place an
electronic bar code on all merchandises. When a customer purchases merchandises from a retail
store, a cashier can simply scan
Week Three Problem 8.4
a. An employees laptop was stolen at the airport. The laptop contained
personal information about the companys customers that could
potentially be used to commit identity theft.
Preventive controls: The laptop needs to be password p
a. Tesco gathered analytical data such as what the customers like, what they
bought more often, how much they were spending on average. Analytical data is
another tool like financial statements to help decision makers make implement
Case 5-1 (p. 144 145)
1. Miller was regarded as an ideal employee. Most fraud perpetrators are well
regarded and others find it much unexpected when it is discovered who committed
the crime. Miller also spent all the money that he stole which is typical o
1. What are the primary goals and tenets of SOX with respect to fraud?
One of the SOX goals is to improve the quality of audits so that investors
interests as well as the public interests are protected. SOX requires companies
to have better internal contr
Problem 15.2 (p. 463)
15.2. What internal control procedure(s) would be most effective in preventing the
following errors or fraudulent acts?
a. An inadvertent data entry error caused an employees wage rate to be overstated
in the payroll master file.
Problem 20.13 (p. 616)
a. The great divide in the systems development process is that a system would
be developed that the business cannot use or will not use. The cause of the
divide is when companies are seeking to update their systems or build new
Problem 13.10 (p. 408 409)
a. The weaknesses relating to purchasing and payments of special orders
Determining whether or not the item should be purchased (I held one
previous purchase role and we had to validate the purchase through
our own procedu
Problem 18.2 (p. 549)
Taking the time to develop separate REA diagrams before combining them into one
integrated data model, is beneficial to gain a better understanding of the process.
Developing an REA requires that relevant resources, events, and agent
1. How do the codes complement each other?
The codes are very similar to one another. Both organizations require a high level of
professionalism and diligence as well as avoid conflict of interest activities. The principles from
the Institute of In
Week 6 Assignment
a) Shipping personnel should be required to document (on paper or by computer) receipt of
goods from the finished goods storeroom. This procedure acknowledges responsibility for
custody of the goods transferred.
Week 3 Assignment
a) A payroll clerk should not be given authority enters time sheet for other employees. Every
employee should set up a password on their time sheet accounts. Neither employee nor
supervisor can revise other employees ti
Question 1.1. (TCO A) Michael Porter developed five primary activities that directly provide value to
customers. Think about how a company such as Walmart or any retail-based company provides value
using these activities. a) Describe briefly each of the f