Woodman's Grocery is a small chain of grocery retailers with four mega size stores. Each store has a networked computer that runs the automated cash registers. The merchandising manager, on the recommendation of the section managers, approves all price changes. The authorized prices are maintained in a sales price table (file) on the central computer and downloaded to the store's computers on a daily basis. No other applications are run on the store's computers.
The auditor has identified the following control procedures in ensuring the correct prices:
• Only the merchandising manager and one assistant have authority to change the prices.
• Access to the sales price table is limited by passwords.
• The system creates a printout of all changes that is sent to the merchandising manager for review and reconciliation.

Required
a. Explain how the auditor might use reports from access control software in performing an audit related to the valuation of revenue for the grocery chain.
b. Would this situation be a good place to implement an ITF? Explain.
c. What other methods might an auditor use to test the accuracy of controls in operation?
d. The store should have some type of monitoring controls that might tell them whether or not prices are incorrect. Identify the types of monitoring controls that auditor might find in this type of organization and how the auditor might utilize the monitoring controls.