Identify a Necessary Control for Each of the Following Potential

question 48

Essay

Identify a necessary control for each of the following potential misstatements in relation to credit saltransactions: 1. Salmay be made to unauthorised customers. 2. Salmay be made without credit approval. 3. Goods may be released from the warehouse for unauthorized orders. 4. Unauthorized shipments may be made. 5. Some shipments may not be invoiced. 6. Invoicmay not be journalized or posted to customer accounts. 7. Invoicmay be posted to the wrong customer account.

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Definitions:

Neural Circuits

Complex networks of neurons that work together to process information and execute functions necessary for life and behavior.

Habituation

The process of becoming accustomed to a stimulus through repeated exposure, leading to a decrease in responsiveness.

Sensitization

An increase in the strength or frequency of a response due to the repeated application of a stimulus.

Habituation

The mechanism by which an entity lessens or discontinues its replies to a repetitive signal with the passage of time.