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Required: hey are Prevent OR Detect controls Required: For each of the eight (8) internal control elements described below, state whether they are Prevent OR
Required: hey are Prevent OR Detect controls
Required: For each of the eight (8) internal control elements described below, state whether they are Prevent OR Detect controls. ituations 1. The Credit Manager obtains a credit heck on potential customers prior to pproving the creation of the ustamer's account. . Potential employees are required to undergo a pre-employment police heck. . Bank reconciliations are performed to identify transections processed by the bank that are not recorded in the eneral ledger. . The supervisor of the accounts payable department reviews reports of ebit balances in customer accounts to etermine their causes. 5. Seles invoices are reviewed by the upervisor after processing to identify ny pricing errors. . The customer account on each sales rder is checked by the computer to a able of valid account numbers before he sales transaction is processed. . The computer performs a daily omperisan of quantities shipped to uantities billed end generates a report f differences. . High value inventory items are stored in a locked area with restricted access rights. Prevent/Detect
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