Gives some solutions to the problems faced Walker. [2.5 marks]
2. What are the threats that may face production operations and what could be the possible controls for those threats? [1 mark]
3. What internal control procedure(s) would be most effective in preventing the following errors or fraudulent acts?
- A programmer obtained the payroll master file and increased his salary. [0.5 mark]
- Some time cards were lost during payroll preparation; consequently, when paychecks were distributed, several employees complained about not being paid. [0.5 mark]
A large portion of the payroll master file was destroyed when the disk pack containing the file was used as a scratch file for another application