Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Identify controls that would help in the following scenarios. Please use full sentences and be specific. Two to three sentences per should be adequate. 1.
Identify controls that would help in the following scenarios. Please use full sentences and be specific. Two to three sentences per should be adequate. 1. A secretary indicated that she had worked 40 hours on her regular time card. The university paid her for 400 hours worked that week. 2. One customer was so far in arrears on their payments that the credit manager decided to freeze all sales to them. Yet, the following week, the manager notes that three new credit sales had been made. 3. The A/R department sent 87 checks to the computer center for processing. No one realized that one check was dropped along the way and that the computer therefore processed only 86 checks. 4. A bank deposit was accidentally coded with a withdrawal code. 5. The key-entry operator keyed in the purchase order number as a nine-digit number instead of an eight-digit number
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started