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Help with this. Scenario E On his return from sick leave, John Markus found two internal audit graduates appointed by the CAE. John decided to
Help with this.
Scenario E On his return from sick leave, John Markus found two internal audit graduates appointed by the CAE. John decided to give them an overview of Medical Suppliers (Pty) Ltd's business environment and short training on internal controls. His content covered different types of controls such as preventative, detective and directive controls and identified the following controls as examples: a) Burglar alarms are installed in all entries of the company building. b) Review of insurance for manufacturing machines is done annually by the chief operations officer. b) Production cost calculations are checked by supervisors for errors prior to sign-off. d) Access exception reports are drawn daily to check unauthorised access at the dispatch department e) All personnel in the production department must attend quality assurance training bi- annually f) The board signed a revised code of conduct to demonstrate an ethical tone at the top. 9) Two passwords from two different senior employees are required to approve an electronic funds transfer. h) The environmental policy is reviewed annually to ensure alignment with prescribed environmental law and standards. REQUIRED MARKS 3.2 Based on the information in scenario E, classify the controls (a-h) as detective, preventative or directive. Your answer should be in a tabular format as indicated below: No (a) Type of control [8]Step by Step Solution
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