One Proactive Computer Audit Test Is to Match the Employee

question 46

Multiple Choice

One proactive computer audit test is to match the employee address file of Company A to the customer address file. This test is commonly used to:

• A) Determine if shipments are diverted from the Company A to the employee home address
• B) Determine if the vendor is shipping product to the home address of the Company A employee
• C) Determine if the employee is a "ghost" employee, by determining if the employee has a valid address
• D) Determining if the shipping company is effective in its shipping process

Comprehend the process for handling purchase returns and allowances in the voucher system.

Understand the accounting treatment for cash discounts under both the net and gross methods within the voucher system.

Identify the proper filing and documentation procedures for vouchers.

Analyze the impact of the voucher system on internal control and cash management.

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Definitions:

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Underestimate

To assess something as smaller or less important than it actually is; the act of valuing or judging something below its true value or potential.

Overestimate

To assess or regard something as more extensive, important, or capable than it actually is.

Marijuana

A psychoactive drug from the Cannabis plant, used both medicinally and recreationally for its psychoactive effects.