Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 (2 points) Listen Loss of inventory could be a serious problem in the revenue cycle. What is the related threat and applicable control
Question 5 (2 points) Listen Loss of inventory could be a serious problem in the revenue cycle. What is the related threat and applicable control procedure that addresses this exposure? theft of inventory; reconciliation of batch totals shipping errors; reconciliation of sales order with picking ticket and packing slip theft of cash; segregation of duties and minimization of cash handling theft of inventory; restriction of physical access to inventory Question 6 (2 points) 1) Listen Matching customer account numbers and inventory item numbers to the numbers in the customer and inventory master files is an example of a completeness test. field check. reasonableness test. validity check
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