Question 4 of 30 2 Points You are the audit senior assigned to the audit of TeleBuz Limited (TeleBuz), an airtime wholesale company based in Johannesburg. You obtain an understanding of the process followed by the company regarding its inventory management. TeleBuz purchases airtime in bulk from the different network providers in South Africa and also purchases printing paper in bulk upon which its clients print their airtime vouchers. The airtime networks system interfaces with the TeleBuz airtime management system to load the airtime serial numbers onto the system once an order has been processed. The inventory Masterfile will then update the inventory records automatically with both the purchase entries as well as sales entries that have been processed. Which one of the following programme controls would you perform on the inventory Masterfile at TeleBuz to ensure that the system was updated for all networks? O A. Sequence test OB. limit test C. matching test OD. accuracy test Reset Selection Question 5 of 30 2 Points bulk upon which its clients print their airtime vouchers. You are the audit senior assigned to the audit of TeleBuz Limited (TeleBuz), an airtime wholesale company based in Johannesburg. You obtain an understanding of the process followed by the company regarding its financing cycle. TeleBuz purchases airtime in bulk from the different network providers in South Africa and also purchases printing paper The TeleBuz board of directors would like to purchase one of its major competitors by acquiring all the shares in that company and possibly absorb the employees. Which one of the following compensating controls will be the best to perform at TeleBuz prior to making the purchase? OA. TeleBuz should have a shareholders meeting to pass a special resolution to approve the purchase OB. TeleBuz should establish a committee to investigate the feasibility of purchasing the competitor. OC. TeleBuz should perform an expenditure budget and cash flow to determine if adequate funding available for the purchase OD. TeleBuz should obtain legal advice to determine the implications before concluding a contract. Reset Selection Question 6 of 30 2 Points You are the audit senior assigned to the audit of TeleBuz Limited (TeleBuz), an airtime wholesale company based in Johannesburg. You obtain an understanding of the process followed by the company regarding its inventory management. TeleBuz purchases airtime in bulk from the different network providers in South Africa and also purchases printing paper in bulk upon which its clients print their airtime vouchers. TeleBuz has implemented the following on the airtime management system to control the airtime management system: Technicians manage the profiles of clients on the system in relation to purchases. The sales representatives can view their client profiles as well as the stock available on the system. Debtors clerks can select stock items from the system for personnel use with the approval of the finance manager. The debtors network clerk can view the serial and pin number of inventory items when performing status checks to confirm which vouchers are active. Which one of the following alternatives best describes the control activity that TeleBuz is trying to achieve? O A. Segregation of duties OB. Access control OC. Approval and authorisation OD. Isolation of responsibilities Reset Selection
