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1 6 MARKS Komes Ltd, a medium sized retailer of solar lights has implemented the following control activities to address risks that they face in
1 6 MARKS Komes Ltd, a medium sized retailer of solar lights has implemented the following control activities to address risks that they face in the various business cycles. a) To gain access to the warehouse, warehouse employees must place their thumb on a biometric reader. If the thumbprint is authorised, the turnstile is activated to gain access to the warehouse. b) Inventory cycle counts are conducted on different sections of the warehouse at the end of every month. c) To process monthly payments to creditors by electronic funds transfer, both the financial accountant and the financial director must enter their unique passwords before the payment will be transferred
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