Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 12, Problem 5P
Summary Introduction
To prepare: Control matrix and explanations of how each recommended existing control plan helps to accomplish in the case of missing plan for each related control goals.
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Students have asked these similar questions
The following is a list of 12 control plans from this chapter or from Chapters 8, 9, 10, & 11. This is followed by a list of 10 system failures that have control implications. Match the 10 system failures with a control plan that would best prevent the system failure from occurring. Also, give a brief (one- to two-sentence) explanation of your choice. A letter should be used only once, with two letters left over.
Control Plans
Compare PO data to input receipt data
Written code of conduct
Compare vendors for price, terms, quality, and availability
Monitor open POs
Independent authorization to record receipt
Count goods and compare to vendor packing slip
Independent vendor master data maintenance
Personnel management controls (supervision)
Perimeter and building controls
Segregate warehouse and receiving functions
Digital signature
Logical and physical access controls
System Failures
Warehouse managers at Broward, Inc. have been discovering inventory shortages. When they…
The practice of bringing specific issues to the attention of management if they depart from expectation is called __________.
Multiple Choice
management by exception
anomaly
outlier
fuzzy matching
According to Simon (1999) the most appropriate Lever of Control to address a lack of opportunity or
fear of risk is?
a.
Interactive Control Systems.
b.
Belief Systems.
C.
Boundary Systems.
d.
Diagnostic Control Systems.
e.
Short- and Long-Term Incentive Systems.
Chapter 12 Solutions
Accounting Information Systems
Ch. 12 - Prob. 1RQCh. 12 - What primary functions does the purchasing process...Ch. 12 - Prob. 3RQCh. 12 - What are the fundamental responsibilities of each...Ch. 12 - Describe supply chain management (SCM).Ch. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 10RQ
Ch. 12 - Prob. 11RQCh. 12 - What types of frauds are typically found in the...Ch. 12 - What are the typical effectiveness goals of the...Ch. 12 - What characterizes a valid PO input? What...Ch. 12 - Prob. 15RQCh. 12 - Describe the impact that entity-level controls...Ch. 12 - Refer to the operations process (effectiveness)...Ch. 12 - Explain why ambiguities and conflicts exist among...Ch. 12 - Prob. 3DQCh. 12 - Without redrawing the figures, discuss how Figure...Ch. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 7DQCh. 12 - Prob. 8DQCh. 12 - Prob. 9DQCh. 12 - Prob. 1SPCh. 12 - Prob. 2SPCh. 12 - Prob. 3SPCh. 12 - Prob. 4SPCh. 12 - Prob. 4PCh. 12 - Prob. 5PCh. 12 - Prob. 6P
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Similar questions
- Select each attribute with the most directly related term. No term is used more than once. Attributes 1. Likelihood a misstatement will not be prevented or detected 2. Substantive procedures and tests of controls 3. Likelihood of misstatement assuming no controls 4. Reporting on internal control and financial statements 5. Creates a reasonable possibility a material misstatement will not be detected 6. Inquiries, analytical procedures, observation 7. Merits attention, less than a material weakness 8. GAAP 9. Inquire, inspect, observe, reperform 10. Follow a transaction through the system Termarrow_forwardUsing the flowchart of a purchases system, identify six major control weaknesses in the system. Discuss and classify each weakness in accordance with SAS 78/COSO.arrow_forwardDiscuss any control weaknesses found in the flowchart. Recommend any necessary changes.arrow_forward
- Following is a list of eight generic control goals (A-H), followed by eight descriptions of either process failures (i.e., control goals not met) or instances of successful control plans (i.e., plans that helped to achieve controls goals). List the numbers 1 through 8 in the table below. Each number represents one of the described situations on the page below. In the table, next to each number, place the capital letter of the control goal that best matches the situation described. Hint: Some letters may be used more than once in each situation. Conversely, some letters may not be used at all. Control goals: Ensure effectiveness of operations Ensure efficient employment of resources Ensure security of resources Ensure input validity Ensure input completeness Ensure input accuracy Ensure update completeness Ensure update accuracy Situations: Instead of preparing deposit slips by hand, Kaley Company has them generated by the computer. The company does so to speed up the deposit…arrow_forwardFollowing is a list of eight generic control goals (A-H), followed by eight descriptions of either process failures (i.e., control goals not met) or instances of successful control plans (i.e., plans that helped to achieve controls goals). List the numbers 1 through 8 in the table below. Each number represents one of the described situations on the page below. In the table, next to each number, place the capital letter of the control goal that best matches the situation described. Hint: Some letters may be used more than once in each situation. Conversely, some letters may not be used at all. Control goals: Ensure effectiveness of operations Ensure efficient employment of resources Ensure security of resources Ensure input validity Ensure input completeness Ensure input accuracy Ensure update completeness Ensure update accuracy Situations: Instead of preparing deposit slips by hand, Kaley Company has them generated by the computer. The company does so to speed up the deposit…arrow_forwardThe following is a list of six control plans from this chapter or from Chapter 9 and Chapter 10. These are followed by a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure). Match the five control goals or system deficiencies with a control plan that would best achieve the desired goal or prevent the system deficiency. A letter may be used only once, with one letter left over. Control Plans Review shipped not billed sales orders Turnaround documents Deposit slip file Procedures for rejected inputs Computer agreement of batch totals Document design Control Goals or System Deficiencies The shipping clerk could not read the quantity picked that had been written on the picking ticket by the warehouse clerks. In a periodic/batch environment, helps to ensure the information system control goal of input completeness of the shipping notices. Helps to ensure that…arrow_forward
- Discuss how rushing the system’s requirements stage may delay or even result in the failure of a systems development process. Conversely, discuss how spending too long in this stage may result in analysis paralysis.arrow_forwardChoose only one answer as well as state their reasons/rationale for the answer chosen. 7) Which input control is designed to prevent a buffer overflow attack?a. Size checkb. Reasonableness testc. Range checkd. Field checkarrow_forwardWhich of the following is a disadvantage of distributed data processing? a. End-user involvement in systems operation is decreased. b. Disruptions due to mainframe failures are increased. c. The potential for hardware and software incompatibility across the organization isincreased. d. The time between project request and completion is increased. e. All of the above are disadvantages.arrow_forward
- Please I need fast please check plagiarismarrow_forward13. When searching for the root cause of issues, auditors are effectively searching for the source of variation, which are often grouped into categories, which categories is not included. Group of answer choices machines system measurements peoplearrow_forward
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