Please help me with those questions, thank you so much!

1. Suppose that through a series of operator errors in the computer room that a batch of EFT requests was sent to the bank twice and that the duplication was not noticed by the bank. The most likely timeframe for accounts payable staff to detect this situation through their normal procedures would be:

Question options:

Never

Within a day

Within a week

Within a month

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2. The most likely timeframe for accounts payable staff to detect this situation through their normal procedures would be never because there is no control for detecting duplicate EFT requests.

The greatest weakness in the procure-to-pay process is most likely lack of assurance of:

Question options:

Completeness of EFT requests

Validity of EFT requests

Accuracy of EFT payments

Timely resolution of suspended invoices

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The greatest weakness in the procure-to-pay process is most likely lack of assurance of timely resolution of suspended invoices because that condition results in an incomplete payables balance.

3. 24-Seven would be least likely to be able to use data that are available to it to become aware of which of the following potential situations:

Question options:

Items being stolen from store shelves

Vendors failing to deliver orders timely

Missed sales from not carrying a product

Incomplete taking of store shelf inventory

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24-Seven could detect abnormal shrinkage of shelf inventory by comparing sales with deliveries, which eliminates "Items" Because of their knowledge of orders, store managers would be aware of deliveries not yet made, which eliminates "Vendors" Corporate would know if stores did not take complete inventory because inventory records would be incomplete, which eliminates "Incomplete" Even if it monitored pop-culture trends, 24-Seven could miss potentially profitable new products, which makes "Missed" the best choice.

4. The process for calculating the monthly adjusting entry to accounts payable is:

Question options:

	Correct because it sums unpaid invoices with status R or S
	Correct because it sums unpaid invoices with status R
	Incorrect because it sums unpaid invoices with status R or S
	Incorrect because it sums unpaid invoices with status R

5.To ensure completeness of payments, the best approach would be to query for:

Question options:

	EFT requests with no matching invoices with status equal to A
	EFT confirmations with no matching invoices with status equal to A
	EFT confirmations with no matching EFT requests
	EFT requests with no matching EFT confirmations
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To ensure completeness of payments, the best approach would be to query for EFT requests with no matching EFT confirmations.

6.

After some vendors did not deliver to the distribution centers in time for their goods to be delivered to the stores, management instituted a new control with a query whose output showed the on-time delivery performance of vendors, with the vendors with the most late deliveries sorted first in the list. The logistics manager was charged with contacting tardy vendors and documenting the outcomes. An auditor selected the following vendors to verify that the control was operating effectively (late deliveries had documented reasons). Which pair of these should the auditor examine to find the most likely instances of control failures? 1. Vendor 1: Vendor 1 delivered on time consistently in the last week 2. Vendor 2: The managers notes explain reasons for a few tardy deliveries 3. Vendor 3: Vendor 3 delivered its goods late once ten days ago 4. Vendor 4: Vendor 4 delivered late every other day in the last two weeks

Question options:

	1 and 2
	1 and 3
	1 and 4
	2 and 3