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stock notice d. inventory notice so. Steps in the order-to-cash process do not include: a. Presales activities b. Sales order processing c. Goods receipt ,

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stock notice d. inventory notice so. Steps in the order-to-cash process do not include: a. Presales activities b. Sales order processing c. Goods receipt , or code cts in d. Billing Bonus question (10 points) The following is a list of 12 control plans ary k es t A. Populate input screens with master datApprove purchase ordr to requesting B. Programmed edit checks Confirm purchase department Digital signatures Enter receipt data in receiving department Independent authorization to record receipt H. C. D. Approve purchase requisitions Requisition audit data Use authorized vendor data E. K. L. Inspect goods F. Compare vendors for prices, terms, quality, and product availability Reguired Listed below are 10 system failures that indicate weaknesses in control. On the answer line to the left of each description, insert the capital letter (from the list above) of the best control plan to address the system deficiency described. A letter should be used only once. Two letters will not be used. SYSTEM FAILURES 1. Ordered goods are often of a different quality and price than requested Data on the RFID tags are not compared to the existing purchase order to ensure that we have received the goods that we ordered. 2. Purchase orders are sometimes prepared on the basis of purchase requisitions from departments with no budget to pay for the ordered goods. 3. computer does not automatically identify erroneous or suspect data on The 4. purchase orders before they are printed for signing and mailing. 5. Inventory is being discarded or sold at a reduced price due to damage or quality issues Bill the buyer often prepares purchase orders for vendors owned by his relatives. 6. Clerks in the purchasing department enter purchase order data from forms given to them by the buyers. They spend a considerable amount of time typing in the vendor name and address, and item descriptions and prices 7

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