Question

Assume that, when conducting procedures to obtain an understanding of Denton Seed Company’s internal controls, you checked “No” to the following internal control questionnaire items:
• Does access to online files require specific passwords to be entered to identify and validate the terminal user?
• Does the user establish control totals prior to submitting data for processing? (Order entry application subsystem.)
• Are input control totals reconciled to output control totals? (Order entry application subsystem.)

Required:
Describe the errors and frauds that could occur because of the weaknesses indicated by the lack of IT controls.



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  • CreatedOctober 27, 2014
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