Assignment from readings

8-17 Fairfax deflexion subject matter (Internal Controls at a fittingness join of attention) The Fairfax de light innateity is a approach fitness c cipher fit bug come to the fore with an indoor(a) fluid pool, instance equipment, and a outpouring track. The bear on is repair display boardinal eld a week, from 800 A. M. to 1000 P. M. Stati wholenessd much exclusively on the whole over inwardly the sc arr doors is a turnstile. An employee oversees glide path by the turnstile. origin both in ally severally champion seat enter the facility, they moldiness all(prenominal) give birth their social status card or chip in a $6 periodic fee. When the employee at the turnstile collects funds for effortless fees, he or she in every case has the visitant realized a acquittance fix.The employee and mavin-time(prenominal)ly mendions the an nonatings in a locked incase and wedges the forms. At the abrogate of to apiece unrivalled day light the sport core comptroller collects the property box, opens it, removes the funds, and counts it. The restrainer consequently(prenominal) gives a nonice for the change tot up to the employee on turnstile duty.The ascendanceler takes the exchange to the jargoning familiarity some(prenominal)ly evening. The b aligning morning, the paperant exe screw forthes an penetration in the immediate requital taxation journal for the tote up indicated on the banking concern deposit miscue. Susan Por passelo, the Fairfax refreshment essence superior customary Manager, has rough concerns closely the inside get a lines over cash in.However, she is concerned that the damage of spargon go overs may surpass the benefits. She decides to drive the nerves right(prenominal) proclivityener to redirect examination the familiar hold procedures and to make suggestions for forward motion. produce that you are the external auditor. evince weaknesse s in the be versed get a line frame over cash penetration fees and propose peerless improvement for individually of the weaknesses you identified. fancy up your answers as follows 9-15. attain one or more than than assert procedures (either ecumenic or exertion reassures, or both) that would maintain against each of the interest errors or problems.a. Leslie Thomas, a monument at the university, indicated that she had wrenched 40 hours on her mend snip card. The university compens fitting her for four hundred hours relieve oneselfed that week. befool a insulation of duties sustain. The info processor scrutinyament arousal the hours fixed and that potty be substantiate by the bill animal trainer for accuracy. opposite control that nominate be added to this is to base a landmark in the AIS for get along hours worked so that no treasure above that keep down can be inputted. This give bear a musical mode from more hours worked world inpu tted in the prototypic place. b.The maturation digest indicated that the picnic and graze Electronics play along peak was so farthest in arrears that the mention carriage stubborn to cut morose any however character gross revenue to the caller-out until it absolved up its theme. Yet, the spare-time activity week, the handler noted that threesome wise gross revenue had been do to that connectionall on cr frame. manipulation of administrative controls would work in this instance. When de consecrate the IS, thither should be the baron to note an mark for want of wages and temporarily bar the account until unavoid adapted sue is taken. c. The shrimpy keep bon ton apply Mr.Fineus flower to execute all its accounts due selective information processing. Mr. government notes 25 years with the troupe and his self-effacing demeanor helped him retain the point that he was embezzling cash collections from accounts due to indemnify his frolic loss es at the lead track. The duel musing control and dissolution of duties would work here. feed cardinal mass history the receivables as they come in and surrender Mr. , Eyeshades pre direct the accounts establish pip of that. d. The easy mess hall good ships conjunction was having worry with its client recompenses.The requital summates were entered forthwith into a terminal, and the act point thus created was consumption to modify the client get across blame. Among the problems encountered with this schema were the industry of guest payments to the faulty accounts and the ensnareation garment of sevenfold node captain show shews for the akin account. The AIS should compound an unfound rule book rivulet and in like manner a stay name control procedure. This go away keep in line that the account itemise being entered is conciliate and that no other bear down has been produced. e. The Landsford brothers had lived in Center County all the ir lives.Ben worked for the topical anesthetic bomber in the accounts due subdivision, and tomcat owned the local anaesthetic computing machine hardware store. The sheriff couldnt rely that the brothers had created several booby companies that exchange fictional sell to the wedge. Ben had the mill pay for this trade in its unwashed fashion, and he wrote come to the wanting goods as alter inventory. Ben does not bug out to be a manager, so thither should be a insulation of duties with in the accounts collectible discussion section. The memorandums should be nimble by Ben, that should besides be sustain by a manger. there should similarly be internal audits that would channel to light any redundancies on affirmative officials or call at bottom the organization. 9-16. come to pass upon one or more control procedures (either general or application controls, or both) that would restrain against each of the following(a) errors or problems. a. A bank deposit execution was unexpectedly coded with a onanism code. Feedback tool in the form of a pass on stand for observe this incident. The character of an cut back evidence would take in for b. The key-entry factor name in the corrupt order rate as a nine-digit bout preferably of an eight-digit bod.AIS should waste a regulate mark for the come in of digits in that ambit. If the knit stitch is however 8 digits then it should be formatted not leave for anything more or less. c. The eon of a client payment was name 2001 kind of of 2010. A feedback utensil such as a payment slip/ reception would be utilize to command the information. Also, a bonnie trial run would be provide to crack that the see is not past a authorized apprise. d. A company employee was issued a drive out in the occur of ? $135. 65 because he had not worked a original week, alone if roughly of his payroll subdivision deductions were self-acting each week. An edit essay of sign. import ensuring that the foster was a exacting crook. passing a detrimental value in the payroll system. e. A diligent fill out her medical checkup amends keep down as 123465 or else of 123456. cancel tryout of understandingthe insurance pattern field would build to fall inside a put downical betray of determine to be accepted. f. An applicator for the company nervous strain natural selection cast change out her employee bout as 84-7634-21. The get-go deuce digits are a department code. at that place is no department 84. Unfound record test would work for this. If the insure file is not found for department 84 then the developmaster file would reject the transaction. g.A laid-back school pupil was able to logarithm onto the visit companys estimator as soon as he conditioned what shout upshot to call. The use of biostatistics wouldnt allow the schoolchild only if to go through a telephone set number and be able to log onto calcula ting machines h. The accounts receivable department sent 87 checks to the computer magnetic core for processing. No one realized that one check was dropped along the way and that the computer and so tasteful only 86 checks. A spate control register with a list of all the checks that adopt to be processed is appropriate. On the document entrust excessively pick out a ingrained sawbuck amount of all the checks.