Following is a hist of eight generic control goals from the chapter, followed by eight descriptions of either process failures (i.e., control goals not met) or instances of successful control plans (i.e., plans that helped to achieve control goals). List the numbers 1 through 8 on a solution sheet. Each number represents one of the described situations. Next to each number: a. Place the capital letter of the control goal that best matches the situation described. b. Provide a one- or two-sentence explanation of how the situation relates to the control goal you selected, if you select more than one control goal for a situation, provide an explanation for each that you select Hint: Some letters may be used more than once. Conversely, some letters may not apply at all. Control Goals A. Ensure effectiveness of operations B. Ensure efficient employment of resources C. Ensure socurity of resources D. Ensure input validity E. Ensure input completeness F. Ensure input accuracy G. Ensure update completeness H. Ensure update accuracy Situations 1. An accounts payable derk at CSC Company enters vendor invoices inte the computer. When the invoices for a particular day were entered, the computer noted that vendor invoice 12345 appeared twice. The computer rejected the socond entry (.e, the duplicale, the invoice with the same number). 2. In entering the invoices mentioned in situation 1, the data for the paymont terms was missing from invoice 12349 and therefore was not keyed into the computer. 3. Instead of preparing deposit slips by hand, Kaley Company has them gonerated by the computer. The company does so to speed up the depost of cash (speedy deposit being an objective at Kaley). 4. In a typical cash receipts process, one of the eariest processes is to endorse each customer's check with the legend, for examplo, For deposit only to Cost 8 Eflect Company" 5. Datusion Co. prepares customer sales orders on a multipart form, one copy of which is sent to its billing department, where it is placed in a temporary file pending shipping notification. Each moming, a biling clerk reviews the file of open sales orders and investigates with the shipping department any missing shipping notices for orders enlered 48 hours (or more) earlier. 6. Referring to Situation 1, once a shipping notice is recelved in the billing department, the first step in preparing the involce to the customer is to compare the unit prices shown on the sales order with a standard price list kept in the biling department. 7. At Falcon Compary, the accounts receivable master data are updated at the end of each day from payment data contained on the cash receipts event data store. At the completion of the update run, the difference between the fotal dollor value of accounts recetvablo before and after the update run is cornpared to the total dolars of payments being processed. 8. Levers Corporation recorded as sales some shipments of disk drives between their warehouses. These diaks drives had not been ordered by anyone and were stil the property of Levers. Your responses should be sufficient to answer the questions. Support any quanthative response with calculations
