QUESTION 2 (25 MARKS Your firm was recently appointed as auditors of Furnes Pol Ltd (Sumed a small company that sells Below is more information regarding two of Furner's departments Inventory Below is the detail of Furner's inventory listing which has been extracted from their accounting software system by the Financial Director 2 Pac Uni Costantin Seling Pictory Value Reader Inventory ID Name Description Price NAD Stade IND vel INVO Cha Deci 0.00 700.00 30 INVECO Table Decr2 10000 12000 520000 5 INVO Desa Dec 200.00 720 5 INV001 Cupboard Dec 550.00 20 9800.00 5 INVOOS Open shell Ders 150.00 0.00 1120000 20 INVB Closed that Dec 20.000.00 20 INVO? Noticeboard beter? 200.00 0 200.00 30 INVB Notice boardwall Decret 400.00 900.00 30 Payroll it is normal practice for Furnex to pay their employees at the end of each month The Payroll Manager will sign off on the list of salaries which shows how much money paid to each employer. by reviewing this list for reasonableness. This list is only accessible by the Payroll Manager by entering his unique username and password When new employees join Furnex, their details are entered into the Employee Masterfile and this same masterfile is deleted when their employment is terminated. The role of creating, maintaining and deleting this information is given to the Payroll Supervisor Any other changes made to the Employee Masterfiles must be approved by the Payroll Manager before being effected The Payroll Clerk will run the automated payroll processing each month, by doing this, the system calculates each employee's gross salaries, deductions and net salaries payable YOU ARE REQUIRED TO: *) Brietly describe, using CAAT's audit functions which can be carried out on the inventory fisting report (101 b) Explain the following Auditing around the computer Auditing through the computer Auditing with the computer (3) c) State the controls noted upon your audit of the Payroll system described above AND also explain how you can test each of the controls noted (10 d) Mention 2 control over passwords which the Payroll Manager must keep in mind when creating his unique password (2)