8.6

Remember the FOUR different types of control activities (Information processing controls, Segregation of duties, physical controls and performance reviews Discuss exhibit 8.6 in your book: For each identified risk... Discuss a control activity that could mitigate (detect or prevent) that risk, and Discuss a test of controls that would test that specific control activity Include in your discussion how the control activity actually mitigates the risk

Did all recorded purchases actually occur? Purchases Journal (voucher register) Were all vendor invoices recorded? Vouch sample of purchases to vendor invoices (occurrence). Trace sample of vendor invoices to purchases journal (completeness). Did all invoiced purchases actually occur? Vendor Invoices Were all receipts invoiced by the vendors? Vouch sample of vendor invoices to receiving reports (occurrence) t Trace sample of receiving reports to vendor invoices (completeness). Receiving Reports Did all recorded purchases actually occur? Purchases Journal (voucher register) Were all vendor invoices recorded? Vouch sample of purchases to vendor invoices (occurrence). Trace sample of vendor invoices to purchases journal (completeness). Did all invoiced purchases actually occur? Vendor Invoices Were all receipts invoiced by the vendors? Vouch sample of vendor invoices to receiving reports (occurrence) t Trace sample of receiving reports to vendor invoices (completeness). Receiving Reports