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  • CIA 2002 Semester 1 2020/2021 Individual Assignment 2 (5%)

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    Putri Anis
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    This document provides instructions for an individual assignment asking students to answer 5 questions in 1 page or less related to internal controls in a sales order processing system. Specifically, it asks students to identify functions that should be segregated, controls to prevent sales to fake customers, controls to detect shipping errors, controls to prevent payment embezzlement, and the three rules to prevent any single employee from processing a full transaction.

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    Original Title

    Assigment 2

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    This document provides instructions for an individual assignment asking students to answer 5 questions in 1 page or less related to internal controls in a sales order processing system. Specifically, it asks students to identify functions that should be segregated, controls to prevent sales to fake customers, controls to detect shipping errors, controls to prevent payment embezzlement, and the three rules to prevent any single employee from processing a full transaction.

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    © All Rights Reserved
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    6 views1 page

    CIA 2002 Semester 1 2020/2021 Individual Assignment 2 (5%)

    Uploaded by

    Putri Anis
    This document provides instructions for an individual assignment asking students to answer 5 questions in 1 page or less related to internal controls in a sales order processing system. Specifically, it asks students to identify functions that should be segregated, controls to prevent sales to fake customers, controls to detect shipping errors, controls to prevent payment embezzlement, and the three rules to prevent any single employee from processing a full transaction.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    CIA 2002 Semester 1 2020/2021

    Individual Assignment 2 (5%)

    Answer the following questions in not more than 1 page and upload your answers on
    Spectrum.

    1) State two specific functions or jobs that should be segregated in the sales order
    processing system.

    2) What specific internal control procedure would prevent the sale of goods on account
    to a fictitious customer?

    3) Goods are shipped to a customer, but the shipping department does not notify
    billing and the customer never receives an invoice. Describe a specific internal
    control procedure that would detect this error.

    4) A clerk embezzles customer payments on account and covers up the theft by making
    an adjustment to the accounts receivable ledger. Describe a specific internal control
    procedure that would prevent this fraud.

    5) What are the three rules that ensure that no single employee or department
    processes a transaction in its entirety?

    1.

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