How do the seven control plans (five present, two missing) listed in Figure 9.6

(pg. 320) work?

Transcribed Image Text:

FIGURE 9.6 Control Matrix for Data Entry with Batches Recommended Control Plans Present Controls P-1: Turnaround documents P-1 P-2: Manually reconcile batch totals P-3: Agree run-to-run totals (reconcile input and output batch totals) Ensure Effectiveness of Operations A P-4: Review tickler file (file of pending shipments) P-4 P-5: One-for-one checking (compare picking tickets and packing slips) Missing Controls M-1: Sequence check M-2: Computer agreement M-2 of batch totals Control Goals of the Shipping Business Process Control Goals of the Operations Process Ensure Efficient Employment of Resources (people, computers) P-1 M-2 Ensure Security of Resources (inventory, ARI master data) P-3 P-5 Possible effectiveness goals include the following: A = Ensure timely input and processing of picking tickets. See Exhibit 9.4 for a complete explanation of control plans and cell entries For the picking ticket inputs, ensure: IC IV Control Goals of the Information Process P-1 P-2 P-2 P-4 IA P-1 P-2 M-1 M-1 M-2 P-3 P-3 P-3 P-3 P-3 For the AR master data, ensure: UC UA M-2 M-2 P-5 P-5 P-5 P-5 P-5 P-4 IV = input validity IC=input completeness input accuracy IA UC update completeness UA update accuracy