The writer is very fast, professional and responded to the review request fast also. Thank you.
You are the audit senior on the MyPet Pty Limited audit. MyPet is a distributor of pet care products including shampoos, lotions and a small range of toys.
MyPet uses an on-line computer system. No goods are manufactured in-house; rather, MyPet maintains a stock of raw materials and sub-contracts the manufacture of its products to third parties. Approximately 50 suppliers and sub-contractors are used and all have proven to be reliable. You have made the following notes about the inventory system:
Procedures for raw materials
•
Production orders are automatically generated when finished goods fall below 60% of the priormonth’s sales. The production orders contain the following details:
date;
sub-contractor’s name;raw materials required; finished goods needed.
Stores staff (raw materials):
Stores staff (finished goods): Production controller: Accounts clerk:
Masterfile amendments
Purchase order printing for raw materials only. GRN printing for raw materials.
GRN printing for finished goods.
Production order printing, masterfile amendments. Masterfile amendments.
Required:
Identify six (6) weaknesses in the internal controls described. Discuss the implications of each of the weaknesses you have identified.
Assume your IT audit division is to perform testing of controls for the inventory systems described. Identify two tests that you would recommend they perform
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more