Which of the undermentioned control activities would help to ensure that the following risk will be addressed in a computerised
environment? Quantities on authorised picking slips are not those transferred to the despatch bay. This risk may lead to possible
misappropriation of inventory before despatched to customer. (Please note there could be more than one correct alternative.) Select
all the correct alternatives.
Select one or more:
a. The despatch clerk signs the picking slip as proof of having taken custody of the items that were accepted.
b. The despatch clerk uses a mobile scanning device linked to the computerised inventory system to scan the items as they are
transferred into the despatch bay.
c. The warehouse supervisor should review the exception report and remedial action should be taken if necessary.
d. An exception report is printed from the system of any physical items missing or not recognised in terms of an automatic
comparison with the details on the computerised picking slip stored on the system.
Which one of the following controls in a supermarket would be the most effective to ensure that all cash is received for cash sales
made?
Select one:
a. Monthly bank reconciliations
b. Daily banking of cash takings
c. Daily reconciliations of till receipt slips to cash on hand
d. Agreeing bank deposits to amounts banked daily
1. Green-Green Market Ltd is a wholesaler supplying fresh fruits and vegetables to a number of large retail grocery stores across
South Africa. Green-Green Market Ltd purchases inventory (fruits and vegetables) directly from farmers and repackages the fruits and
vegetables into smaller units for household consumption, before sales to retail stores take place. The following control procedure
takes place in the acquisition and payments cycle:
The head of the creditor’s section, Ms Payme, does not have write access to the payment schedule file.
Which one of the following alternatives best describes the category of IT general control the procedure above relates to?
You are the audit senior assigned to the audit of TeleBuz Limited (Telebuz), an airtime wholesale company based in Johannesburg.
You obtain an understanding of the process followed by the company to pay their suppliers. TeleBuz purchases airtime in bulk from
the different network providers in South Africa and also purchases printing paper in bulk upon which its clients print their airtime
vouchers.
TeleBuz places orders for printing paper with the supplier once they have orders of 50 boxes per network. Sales representatives are
required to obtain client orders and capture these on an excel spreadsheet. The customer name and the number of boxes per network
is captured on the spreadsheet. At the end of the week, the sales manager e-mails all sales representatives to obtain the total number
of boxes for which they have received orders. Should this reach the required reorder level of 50 boxes, an order is placed with the
supplier.
Which one of the following alternatives is the major control risk as a consequence of the process followed for ordering boxes of
paper at TeleBuz?
Select one:
a. Ordering from an unauthorised supplier.
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