ENU

Side panel

Time left 0:14:50

Question 1

Not yet answered

Marked out of 2.00

Flag question

Question text

You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares company. You obtain an understanding of the warehouse function within the revenue and receipts cycle at Fix-IT Ltd. Once the warehouse clerk accesses the sales order for picking, the picking slip is printed and given to the pickers. Which of the following controls should Fix-IT Ltd implement to ensure that sales orders are not duplicated for picking?

a.

The internal sales order form should be deleted from the file.

b.

The system should allocate a unique code to the internal sales order form to show its in the picking stage.

c.

The picking slip should be allocated a unique number.

d.

The internal sales order form should be attached to the picking slip.

Clear my choice

Question 2

Not yet answered

Marked out of 2.00

Flag question

Question text

You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares company. You obtain an understanding of the invoicing function within the revenue and receipts cycle at Fix-IT Ltd. Once the goods have been picked from the warehouse, the despatch clerk will check the goods against the picking slip to confirm everything has been picked. He will then select the confirm option on the system to generate a sales invoice. Both the despatch and picking clerks do not have write access to the file so that no amendments can be made to the invoice. Which one of the following control objectives will be achieved by the above-mentioned procedure?

a.

Occurrence and accuracy of the transaction

b.

Completeness and occurrence of the transaction

c.

Accuracy of the transaction

d.

Accuracy and completeness of the transaction