For Each of the Following Computer Controls Identify the Related

question 57

Essay

For each of the following computer controls identify the related potential misstatement.
1.The computer accounts for all goods shipped but not billed.
2.The computer matches the customer number on the sales invoice with the customer number on the sales order.
3.The computer matches the customer on the sales order with the customer master file.
4.The computer matches sales prices with the authorized price list and the sales order.
5.The computer matches the amount of the sales order with the credit authorization on the customer master file.
6.The computer matches the sales invoice information with underlying shipping information.
7.The computer matches all goods pulled from the inventory (perpetual) to the approved sales order.
8.The computer compares the invoice date with the accounting period when the goods were shipped.
9.The computer matches prenumbered shipping documents with the approved sales for each shipment.
10.The computer prints a report of all unfilled sales orders.

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Definitions:

Complementary Goods

Goods that are typically consumed together, such that the demand for one increases when the price of the other decreases.

Substitute Goods

Goods that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Independent Goods

Products or services whose demand is not directly related to the demand for other goods; their consumption or purchase does not affect the consumption or purchase of other products.

Quantity Supplied

The amount of a good that producers are willing to sell at a given price over a specified period.