The following exercise relates to application control objectives for the purchasing cycle. 1. List at least three

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The following exercise relates to application control objectives for the purchasing cycle.

1. List at least three application control objectives for the purchasing cycle.

2. Give an example of how the associated IT controls would be implemented for these control objectives.

a. Supports implementation of authorization, accuracy, and completeness.

b. Supports implementation of accuracy and completeness.

c. Supports implementation of disclosure, accuracy, and completeness.

3. How would this improve internal control?

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Accounting Information Systems The Crossroads of Accounting & IT

ISBN: 978-0132991322

2nd Edition

Authors: Donna Kay, Ali Ovlia

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Question Posted: Feb 20, 2015 07:58 AM

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The following exercise relates to application control objectives for the purchasing cycle. 1. List at least three

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1 a Record authorized purchase orders completely and accurately b Ensure completeness and accuracy o...View the full answer

Accounting Information Systems The Crossroads of Accounting & IT

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