Exam (elaborations)
Aue2602 assignment 3 semester 2 2023
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9/27/23, 1:16 PM Assessment 3: Attempt reviewMENU
Started on Wednesday, 27 September 2023, 12:28 PM
State Finished
Completed on Wednesday, 27 September 2023, 12:53 PM
Time taken 25 mins 13 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares company. You obtain an understanding of the ordering
function within the revenue and receipts cycle at Fix-IT Ltd. All orders are captured by the debtors' clerk who will input the order on the
revenue system by creating an internal sales order and capturing the order details. Which one of the following programme controls should
be implemented to ensure that the order quantity is accurate before processing the order?
a. Alpha numeric check
b. Limit check
c. Mandatory fields check.
d. Validation check
Your answer is correct.
The correct answer is:
Limit check
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=171382&cmid=70260 1/9
,9/27/23, 1:16 PM Assessment 3: Attempt review
Question 2
Correct
Mark 2.00 out of 2.00
MENU
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares company. In obtaining an understanding of the inventory
function, you perform the following walk-through procedure: You walk through the warehouse and notice that the receiving and despatch
sections are separated by glass and locked doors. Mr Thato shows you with his personnel card that he can open both doors based on his
role as warehouse manager. Which one of the following alternatives best describes the control activity achieved by the above-mentioned
procedure performed in the warehouse of Fix-IT Ltd?
a. Custody control
b. Access control
Reference: Richard, Roets, Adams and West (2021:12/14)
Physical separation of the receiving and despatch areas along
with controlled access to specific personnel/areas is a form of
access control.
c. Segregation of duties
d. Isolation of responsibility
Your answer is correct.
Reference: Richard, Roets, Adams and West (2021:12/12)
One of the controls that can be implemented to ensure that inventory is not lost, stolen or misplaced is to perform regular cycle counts.
The inventory count should also not be performed by the warehouse personnel alone but rather two personnel, one of whom is
independent of the warehouse.
The correct answer is:
Access control
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=171382&cmid=70260 2/9
, 9/27/23, 1:16 PM Assessment 3: Attempt review
Question 3
Correct
Mark 2.00 out of 2.00
MENU
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares company.You obtain an understanding of the revenue and
receipts cycle at Fix-IT Ltd.When capturing debtors’ amendment forms to the debtors masterfile, the debtors clerk will only key in the
debtors account number to bring up all the details of the debtor.Which one of the following control objectives will be achieved by the
above-mentioned procedure?
a. Accuracy and completeness of keying of information
b. Validity of keying of information
c. Accuracy of keying of information
Reference: Richard, Roets, Adams and West (2021:10/22)
The masterfile system is formatted in such a way that it allows for the
minimum keying of information to ensure that amendments are made to
the correct debtors account, thereby ensuring accuracy.
d. Completeness of keying of information
Your answer is correct.
The correct answer is:
Accuracy of keying of information
Question 4
Correct
Mark 2.00 out of 2.00
You are the audit senior assigned to the audit of Fix-IT Ltd, a motor vehicle spares company. You obtain an understanding of the warehouse
function within the revenue and receipts cycle at Fix-IT Ltd. Once the warehouse clerk accesses the sales order for picking, the picking slip is
printed and given to the pickers. Which of the following controls should Fix-IT Ltd implement to ensure that sales orders are not duplicated
for picking?
a. The picking slip should be allocated a unique number.
b. The internal sales order form should be deleted from the file.
c. The system should allocate a unique code to the internal
sales order form to show it’s in the picking stage. Reference: Richard, Roets, Adams and West (2021:10/25)
The system should allocate a unique code to the internal sales order
form showing that it is in the picking stage to ensure that it is not
selected again for picking.
d. The internal sales order form should be attached to the picking slip.
Your answer is correct.
The correct answer is:
The system should allocate a unique code to the internal sales order form to show it’s in the picking stage.
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=171382&cmid=70260 3/9
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