Would drill-down be an effective audit tool for identifying an unusual business relationship between a purchasing agent

Question:

Would drill-down be an effective audit tool for identifying an unusual business relationship between a purchasing agent and suppliers in a large organization with several hundred suppliers? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information System

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

See More Books

Question Posted: Nov 28, 2012 07:33 AM

See More Questions

A B C D E F G 1 Suppose the risk free interest rate is 4%. Calculate the following using the EXCEL functions. 2 3 Having $500 today is equivalent to having what amount in one year? 4 Present value...
A purchasing agent for a large hardware retailer has sole discretion in selecting vendors for the parts and supplies sold by the company. The agent directs a disproportionate number of purchase...
Explain the relationship between inventory turnover and purchasing needs.
Perform the indicated operations. Let k be a natural number. a. (-2) c. (-2)4 e. Is (-2)2+ positive or negative? b. (-2) d. (-2)5
A current balance is a device to measure magnetic forces. It is constructed from two parallel coils, each with an average radius of 12.5 cm. The lower coil rests on a balance; it has 20 turns and...
For the JVP y' = y. y (0) = 0 of Example 3, and for any positive number t0 show that a solution is given by equation (4).
Describe the purpose of an Affirmative Action Plan.
Tornado Champs Corp. uses activity-based costing to account for its motorcycle manufacturing process. Company managers have identified three supporting manufacturing activities: inspection, machine...
1. Determine the Vave from 0 sec to 3 sec. 2. Determine the Vinst at t= 2 sec. 3. Explain why the answers to questions #1 and #2 are equal. 4. Determine the Vinst at t = 10 sec. 5. Determine the...
X Ltd. has 10 lakhs equity shares outstanding at the beginning of the accounting year 2016. The appropriate P/E ratio for the industry in which D Ltd. is 8.35. The earnings per share is Rs. 15 in the...
How are the summary views in a data warehouse different from views in an operational database?
Disruptions to operations are a common side effect of implementing an ERP. Explain the primary reason for this.
Construct a short survey of just a few questions, including a question asking the subject to report his or her height. After the subject has completed the survey, measure the subjects height (without...
In what way can we show in UML that something is contained within something else, for example a subsystem within another subsystem?
Let $\mathbf{F}$ be a vector field whose curl and divergence at the origin are \[ \operatorname{curl}(\mathbf{F})(0,0,0)=\langle 2,-1,4angle, \quad \operatorname{div}(\mathbf{F})(0,0,0)=-2 \]...
How has health reform legislation affected the organization and management of corporate health institutions?
Prove the following tautologies by starting with the left side and finding a series of equivalent wffs that will convert the left side into the right side. You may use any of the equivalencies in the...
If Melissa wants to retire with $\$ 50,000$ per month, how much principal is necessary to generate this amount of monthly income if the interest rate is 3%?
Preparing closing entries and interpreting information about discounts and returns. Use the data for Valley Company in Problem 4-3A to complete the following requirement. Required Prepare closing...
What does non-recourse financing mean?
An array of records (nodes) is used to contain a doubly linked list, with the next and back members indicating the indexes of the linked nodes in each direction. 1. Show how the array would look...
This problem should be completed with database software, such as Microsoft Access. 1. Using the E-R diagram in Figure implement the four related entities as tables using Microsoft Access (or any...
This chapter discusses the complexities of competing in a highly competitive global manufacturing environment. Discuss how enterprise systems can help an organization streamline its processes and...
What industry do you believe is a leader in enterprise systems implementations? Discuss what you think are the major contributing reasons for that leadership.
Describe the value chain analysis methods that a firm might utilize to identify strategies to enhance organizational capabilities.
Nurses are advocates for patients and must find a balance while delivering patient care. Discuss
The geriatric nurse cares for patients who are aging or suffering from conditions normally, Discuss?

Would drill-down be an effective audit tool for identifying an unusual business relationship between a purchasing agent

Question:

Step by Step Answer:

Yes The auditor may use drilldown techniques to identify unusually high levels of b...View the full answer

Accounting Information System

Students also viewed these Accounting questions