To match: The control plans with the control goals or system deficiencies. Introduction: OE/S process: It is known as the order entry/sales process. It describes the first four steps of the order-to-cash process.

Question

The following is a list of six control plans.These are followed by a list of five system failures that have control implications. Match the five system failures with a control plan that would best prevent the system failure from occurring. Also, give a brief (one or two sentences) explanation of your choice. A letter should be used only once, with one letter left over. Control Plans Program change controls Independent validation of vendor invoices Access control software Batch control plans Compare input data with master data (e.g., vendor master data) Match invoice, PO, and receipt System Failures Vendor Invoices are received at Samuel Company via an EDI feed over the Internet. Some of these are fraudulent invoices from bogus vendors. Vendor invoices are sent to clerks in the AP department at Seneca, Inc., where they are entered once each day to create a file of invoice data that is then processed by the accounts payable program each evening. Several errors have been found in the…

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Question

Chapter 10, Problem 6P

Summary Introduction

To match: The control plans with the control goals or system deficiencies.

Introduction:

OE/S process:

It is known as the order entry/sales process. It describes the first four steps of the order-to-cash process.

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