Expenditure Cycle

Expenditure Cycle Questionnaire Activity QuestionExplanation YesNoN/A General Issues throughout the cycle atomic number 18 on that saddle access restrictions to the master selective information?Answering no rescue witnesss a controls weakness because self-appointed persons have access to the data excite. be changes to the master data file reviewed?Answering no registers a control weakness because it could indicate that management are not keeping a brace of changes to the master data file which if not monitored could impact system outputs and the reliability of the systems nurture. Are at that place access restrictions in place for unauthorized persons?Answering no indicates a controls weakness because unauthorized persons could be gaining access to two tangible and intangible resources of the companion. Is encryption pamphlet used to foster data from unauthorized persons?If property of the floor show is stolen or a person gains access to databases and so out , not having encryption software means that the person laughingstock access important files etc. with ease. Does the comp either have any back up or recovery procedures in cocktail dress of an unforeseen event? entropy used by a company is important and should be safeguarded.

If a no result is received this could indicate that the information is not protected to the fullest boundary and if an unexpected event occurs the company will not be able to continue on with business. Meaning sales, receivable, payable information etc. will be lost. Are managerial reports created? A no solution could indicate that management is not monitor and assessing the system and its effectiveness. Ordering Are scrutinise records constant! ly unbroken up date?A no response could indicate that inventory is not accurate and current. Does the company use meter code or RFID tags for fixing?A no response could indicate the presence of more errors do to the reliance on human entry. Are periodic strong-arm counts occurring periodically?A no...If you want to get a full essay, order it on our website: OrderEssay.net

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