from the chapter, fol- 6.e., control goals P 7-3 control responsum Following is a list of eight generic control goals from the chanta lowed by eight descriptions of either process failures (i.e., control not met) or instances of successful control plans (i.e., plans that helped. achieve control goals). List the numbers 1 through 8 on a solution sheet. Each numbe represents one of the described situations. Next to each number: a. Place the capital letter of the control goal that best matches the situ ation 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 let- ters may not apply at all. Control Goals A. Ensure effectiveness of operations B. Ensure efficient employment of resources C. Ensure security of resources D. Ensure input validity E. Ensure input completeness F. Ensure input accuracy G. Ensure update completeness H. Ensure update accuracy Company enters vendor invoices noted that vendor invoice 12345 appeared for a particular day were Situations 1. An accounts payable clerk at C&C Company enters ve into the computer. When the invoices for a particular day we entered, the computer noted that vendor invoice 123 twice. The computer rejected the second entry (i.e. the with the same number). 2. In entering the invoices m in entering the invoices mentioned in situation 1. the data for the payment terms was missing from invoice 12349 and therefore was payme not keyed into the computer. 3. Instead of Instead of preparing deposit slips by hand, Kaley Company has them generated by the computer. The company does so to speed up the deposit of cash (speedy deposit being an objective at Kaley). 4. In a typical cash receipts process, one of the earliest processes 15 endorse each customer's check with the legend, for example, for deposit only to Cost & Effect Company." 5. Diffusion 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 morning, a billing clerk reviews the file of open sales orders and investigates with the shipping department any missing shipping notices for orders entered 48 hours (or more) earlier. 6. Referring to Situation 1, once a shipping notice is received in the billing department, the first step in preparing the invoice to the cus- tomer is to compare the unit prices shown on the sales order with a standard price list kept in the billing department 7. At Falcon Company, 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 total dollar value of accounts receivable before and after the update run is compared to the total dollars of payments being processed. 8. Levers Corporation recorded as sales some shipments of disk drives between their warehouses. These disks drives had not been ordered by anyone and were still the property of Levers