Đề cương kiểm

Which control measure is designed to prevent unauthorized sales transactions?

• Reconciliation of sales records

• Sales order approval process

• Periodic inventory counts

• Customer credit checks

Which of the following is not controls activities over the sales system?

• Segregation of duties

• Sales commission structure

• Authorization of sales transactions

• Physical controls over inventory

Which three of the following are risks associated with the purchase system?

• Unauthorised purchases may be made for personal use

• Goods and services might not be obtained on the most advantageous terms

• Orders are only made with authorised suppliers.

• Goods may be accepted that have not been ordered

Select whether the following system represents a strength or a deficiency of the system?1. All new customers undergo credit checks prior to being accepted and credit limits
are subsequently set by the receivables ledger clerks who record the new customer
details, assign a unique customer number and set credit limits in the master data file
2. Sequentially numbered four-part sales orders are generated for all orders, after
checking available inventory levels. One copy is retained by the sales ordering team
to enable them to monitor progress of the sales orders, one copy is sent to the
customer, one copy is sent to one of the company's warehouses for despatch and the
final copy is sent to the finance department

• 1. Strength - 2. Strength

• 1. Strength - 2. Deficiency

• 1. Deficiency - 2. Strength

• 1. Deficiency - 2. Deficiency

Which of the following is not a test of control?

• Inspection of purchase order documentation to confirm that it has been authorised

• Review of monthly bank reconciliations performed by the audit client

• Examination of purchase invoices for evidence of mathematical accuracy checks

• Agreement of the cost of non-current asset additions to purchase documentation

Which one of the following internal controls is most likely to prevent fictitious employees from being added to the payroll?

• Payroll standing data periodically printed out and checked on a line-by-line basis to independently held employee details

• Use of hierarchical passwords over standing data files

• Pre-authorisation of all amendments to payroll standing data by an independent official

• Supervision of the wages payout by an independent official

Which two of the following are objectives of the purchase ordering part of the purchase system?

• Orders are only made with authorised suppliers.

• Orders are made at competitive prices.

• All goods and services received are used for the company’s purposes, and not private purposes.

• Goods and services are only accepted if they have been ordered, and the order has been authorised.

Which internal control helps ensure that sales are recorded accurately and completely?

• Regular inventory audits

• Implementation of a customer relationship management (CRM) system

• Reconciliation of sales invoices with shipping documents

• Offering discounts to encourage early payment

Which one of the following controls would have prevented the risk that the entity has been paying invoices in respect of goods which had been returned as faulty before acceptance?

• Comparison of supplier statements with payables ledger accounts

• Date stamping purchase invoices on receipt

• Matching of purchase invoices with goods received records

• Matching of purchase invoices with orders

Select the most likely consequence which might arise as a result of the following deficiency: Purchase of goods from unauthorised suppliers.

• Payment to fictitious suppliers

• Purchase of inferior goods

• Prompt payment discounts not obtained

• Purchase of goods from unauthorised suppliers