Professional Documents
Culture Documents
Week 4 Assignment
8.4
Differences between the correct batch total and the batch totals obtained after processing:
(a)
(b)
$29,341.28
-24,088.72
$ 5,252.56
(c)
$29,341.28
-29,431.28
$(90.00)
$29,341.28
-30,341.28
$(1,000.00)
(d)
$29,341.28
-27,578.66
$ 1,762.62
e) An uninterruptible power system should be used to provide a reserve power supply in the
event of power failure.
f) Fireproof storage and maintenance of duplicate files at an off-site location.
g) A reasonableness test of quantity on hand.
h) A completeness check to check whether all required fields were filled in.
i) Check digit verification on each customer account number and a validity check for actual
customers should have caught this error.
j) A size check would prevent 400 characters from being entered into a field that allows for only
5 characters.
k) Concurrent update controls protect records from errors when more than one salesman tries to
update the inventory database by locking one of the users out of the database until the first
salesmans update has been completed.
l) A limit check based on the original sales date.
m) Check digit verification on each customer account number and a validity check for actual
customers and closed loop verification.
n) Check digit verification on each customer account number and a validity check for actual
customers and closed loop verification.
o) A completeness check for all payroll checks and a hash total using employee numbers.
p) Encrypting the email containing the bid would have prevented the competitor from reading the
email even if they could have intercepted the email.
q) Parity checks and echo checks will test for data transmission errors.
9.11
b) Recalculate year-to-date depreciation for each asset record, compare to the amount in the
record, and list any and all asset records for which a discrepancy exists.
c) Prepare a list of all assets retired during the current year for comparison to supporting
documents.
d) Prepare a list of all assets acquired during the current year, by location, for possible physical
examination by the auditor.
e) Select a sample of assets, stratified by net dollar value, and sorted and listed by location, for
possible physical examination by the auditor.
f) Foot the entire file to obtain file totals for total original cost, total accumulated depreciation,
total current year depreciation, and total cost of current year acquisitions, for comparison to
externally maintained records.
9.12
Computer audit software can help auditors examine inventory records as follows:
Audit Procedure