The following table presents the results of using a CAAT tool to interrogate the XYZ Companys ERP
Question:
The following table presents the results of using a CAAT tool to interrogate the XYZ Company’s ERP system for expenditure cycle activities. It shows the number of times each employee performed a specific task.
REQUIRED
Identify three examples of improper segregation of duties and explain the nature of each problem you find.
Transcribed Image Text:
Employee A Employee B Employee C Employee D Employee E Employee F Employee G Employee H Employee I ORDER INVENTORY 150 306 MAINTAIN SUP. PLIER MASTER FILE (ADD, DE- LETE, EDIT) 5 7 70 RECEIVE INVEN- TORY 425 300 APPROVE SUPPLIER IN- VOICES FOR PAYMENT 10 10 400 PAY SUPPLIERS VIA EFT 100 10 SIGN MAIL CHECKS CHECKS 100 150 100 125 25 RECON- CILE BANK ACCOUNT 1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The table you provided lists various employees and their activities within the expenditure cycle of a companys ERP system To properly maintain interna...View the full answer
Answered By
S Mwaura
A quality-driven writer with special technical skills and vast experience in various disciplines. A plagiarism-free paper and impeccable quality content are what I deliver. Timely delivery and originality are guaranteed. Kindly allow me to do any work for you and I guarantee you an A-worthy paper.
4.80+
27+ Reviews
73+ Question Solved
Related Book For
Accounting Information Systems
ISBN: 9781292060521
13th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
Question Posted:
Students also viewed these Business questions
-
The following table presents the results of using a CAAT tool to interrogate the XYZ Companys ERP system for expenditure cycle activities. It shows the number of times each employee performed a...
-
The following table presents the results of using a CAAT tool to interrogate the XYZ Companys ERP system for revenue cycle activities. It shows the number of times each employee performed a specific...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
You're pretty sure that your candidate for class president has about 55% of the votes in the entire school. But you're worried that only 100 students will show up to vote. How often will the underdog...
-
Soft Glow Candle Co, budgeted production of 78,900 candles in 2010. Wax is required to produce a candle. Assume 8 ounces (one half of a pound) of wax is required for each candle. The estimated...
-
(a) Find a parametrization of the path C (b) Evaluate along C. C: x-axis from x = 0 to x = 1 (x + 4 + 4y) ds C
-
What happens if the conducting rod in Figure P29.1 rotates (a) clockwise about the \(z\) axis as viewed looking down the positive \(z\) axis toward the origin, \((b)\) clockwise about the \(x\) axis...
-
The preinduction physical examination given by the U.S. Army involves the following seven activities: Average Time Activity (min) Medical history .................. 10 Blood tests ......................
-
(a) The equity share of VCC Ltd. is quoted at Rs. 210. A 3-month call option is available at a premium of Rs. 6 per share and a 3-month put option is available at a premium of Rs. 5 per share....
-
Which of the following expenditure cycle activities can be eliminated through the use of IT or reengineering? a. Ordering goods b. Approving vendor invoices c. Receiving goods d. Cash disbursements
-
The just-in-time inventory system attempts to minimize, if not totally eliminate, finished goods inventory by purchasing and producing goods in response to forecast, rather than actual sales. a. True...
-
In mid-2014, the price of oil dropped significantly and reached its lowest in January 2016, when a barrel of Brent oil cost only $28. How would you expect it to impact the aggregate price level and...
-
Which one of the following items is not required to be included in a companys periodic 8-K report filed with the SEC when significant events occur? a. Acquisition or disposition of a significant...
-
Form 8-K must generally be submitted to the SEC within four days after the occurrence of a significant event. Which one of the following is not an event that would be reported by Form 8-K? a. The...
-
Within four days after the occurrence of any event that is of material importance to the stockholders, a company must file a Form 8-K information report with the SEC to disclose the event. An example...
-
Shareholders may ask or allow others to enter their vote at a shareholders meeting that they are unable to attend. The document furnished to shareholders to provide background information for their...
-
Which of the following factors by itself requires a corporation to comply with the reporting requirements of the Securities Exchange Act of 1934? a. 600 employees. b. Shares listed on a national...
-
If the price of eggs were to double from $1 per egg to $2 per egg, Freddy would consume 6 fewer eggs without changing his consumption of other goods. Which would he prefer: The price increase, or...
-
The graph of an equation is given. (a) Find the intercepts. (b) Indicate whether the graph is symmetric with respect to the x-axis, the y-axis, or the origin. -3 6 -6 3 x
-
One of Amazon.coms marketing strengths is the capability to collect and analyze customer purchase data. How does this add value to the company? From the customers perspective, is value added?
-
Some potential e-business customers have security concerns regarding online purchases. How do Internet security certifications attempt to address these concerns?
-
Some people believe that an automated accounting system is always bet-ter than a manual system. Describe circumstances where you would recom mend a manual system rather than automation. Provide an...
-
The first three Taylor polynomial approximations of f(x) = sin(x) are T(x) = x, - T(x) = x 1/6x, T3(x) = x 1/6x3 + 1/120x5.
-
City of Montreal plans for starting a new ski resort by building a mountain out of landfill trash. The shape can be approximated by a right circular cone of altitude 1,100 ft with a base diameter of...
-
December 30. Wages earned from July 1st through December 31st was $532,000. Wages earned between December 15th and December 31st amounting to $41,000 will not be paid until January 7, 2023. 31. At...
Study smarter with the SolutionInn App