P12.6

12.6.Create a questionnaire checklist that can be apply to tax controls for for all(prenominal) one of the four basic activities in the revenue outfit ( sales companionship entry, expatriation, calculate, and cash collections). A.)For to each one control issue, write a Yes/No question such that a No center repre directs a control weakness. For example, one question might be, are customer credit limits set and modified by a credit manager with no sales responsibility? B.)For each Yes/No question, write a brief exbroadcastation of why 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 selective information dependant? 3.) Does a backup and disaster recovery devise follow? 4.) Have backup procedures been tested within the snuff it sixsome month? 5.) argon digital signatures required for online orders? 6.) be shipping documents reconciled with sales orders? 7.) Is physical access to fund 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 irritable data encrypted whil e stored in the database? B.) ! Explanation for a NO answer 1.) non checking the picking list to sales orders can contribute in wrong product or the wrong add up 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 lag 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 process and sent that the customer later...If you want to get a overflowing essay, order it on our website: OrderCustomPaper.com

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