Question 3 10 marks Internal Controls and Governance PARTA - 7 marks You are provided with following seven risky scenarios. Required For each scenario suggest a control that could be used to reduce the risk. 1. Entering negative values for order quantity in a sales order (1 mark). 2. Selling to a customer with an overdue account (1 mark). 3. Ordering from a non-existent supplier (1 mark). 4. Paying for goods that have not been received (1 mark). 5. Entering an alphanumeric customer ID when the business policy is for numeric customer IDs (1 mark). 6. Misappropriation of goods by receiving staff, who also maintain inventory records (1 mark). 7. Ordering too much of a product (1 mark). You may want to use the following template to provide your answer to this question: Risk # Suggested control to reduce the risk 1 Risky scenario Entering negative values for order quantity in a sales order (1 mark). 2 Selling to a customer with an overdue account (1 mark). 3 Ordering from a non-existent supplier (1 mark). 4 Paying for goods that have not been received (1 mark). 5 Entering an alphanumeric customer ID when the business policy is for numeric customer IDs (1 mark). Misappropriation of goods by receiving staff, who also maintain inventory records (1 mark). 6 7 Ordering too much of a product (1 mark). Question 3 PART B-3 marks Required You are required to list and explain three advantages of computer-executed control activities compared to manually executed control activities. (3 advantages x 1 mark = 3 marks)