Match threats in the first column to appropriate control procedures in the second column. Threat 1. Sending

 Match threats in the first column to appropriate control procedures in the second column.

Transcribed Image Text:

Threat 1. Sending incorrect merchandise Control Procedure a. Perform a completeness check 2. Crediting customer payment to wrong account b. Credit sales approved by credit manager 3. Giving goods away for free 4. Corrupted data files c. Reconcile sales orders to packing slips d. Use a sales forecasting system 5. Data entry errors by warehouse employees e. Use bar-code scanners 6. Theft of customer payments 7. Charging the wrong price 8. Inventory shrinkage due to theft by employees 9. Missing or incomplete order data 10. Inept operations 11. Sales made to customers with 12. Excess inventory poor credit f. Document inventory transfers g. Segregate shipping and billing functions h. Maintain an updated inventory master file i. Closed-loop verification i. Employ a bank lockbox k. Off-site data storage of backup files 1. Prepare and review performance reports