A treasurer inadvertently transposed two digits in the debit amount when entering a journal entry to record issuance of a new debt. Which of the following control procedures might best mitigate this threat?

Check digit verification

Validity check

Pre-number journal vouchers

Cross-footing balance check

Management implements a control procedure to hold the purchasing manager responsible for the costs of scrap and rework. This is done to mitigate the threat of:

Purchasing goods at inflated prices

Preventing stock out or excess inventory

Purchasing goods of inferior quality

Purchasing goods from unauthorized suppliers

Which of the following is an example of an input control?

Having another person review the design of a business form

Making sure that output is distributed to the proper people

Recalculating an amount to ensure its accuracy

Collecting accurate statistics of historical transactions while gathering data

Monitoring the work of programmers

Which of the following control procedures might best mitigate the threat of failure to bill customers?

Periodic reconciliation of bank statement with records by someone not involved in cash receipts processing

Prenumbering of all shipping documents and periodic reconciliation with invoices

Data entry application controls

Reconciliation of subsidiary accounts receivable ledger with general ledger

According to the company