P12.6

12.6.Create a questionnaire checklist that can be employ to tax controls for for individually one of the four basic activities in the revenue cycle ( gross sales companionship entry, expatriation, armorial bearing, and cash collections). A.)For each control issue, write a Yes/No question such that a No issuing repre directs a control weakness. For example, one question might be, atomic number 18 customer credit limits set and modified by a credit manager with no sales responsibility? B.)For each Yes/No question, write a brief ex externalizeation of wherefore a No answers represents a control weakness. A.) Questions Yes No 1.) be pick list quantities compared to sales auberges? 2.) Is access to master data dependant? 3.) Does a backup and disaster recovery device f ollow? 4.) Have backup procedures been tested within the sound sixsome month? 5.) argon digital signatures required for online orders? 6.) are shipping documents reconciled with sales orders? 7.) Is physical access to history controlled? 8.) Are appropriate data entry edit controls used? 9.) Are monthly statements sent to customers? 10.

) Are the shipping and billing functions performed by different employees? 11.) Are the credit approval and sales order entry duties performed by different employees? 12.) Is the master data regularly checked and all changes review thoroughly? 13.) Is afflictive data en crypted while stored in the database? B.)! Explanation for a NO answer 1.) non checking the picking list to sales orders can resultant role in wrong product or the wrong meat shipped to customers. 2.) open access to master files could allow fraud by permit employees to change information to hide theft. 3.) An organization could mislay all important(predicate) information if a backup and recovery plan is not in place. 4.) Back up may not depart if not regularly tested. 5.) Orders may be touch on and sent that the customer later...If you want to get a to the full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper