Académique Documents
Professionnel Documents
Culture Documents
Member Group
Hanan Arn Hilda C1L012042
Shoffan Maruf C1L012057
Afif Rido Herlambang C1L012058
Aryni Freginia C1L012059
Fiska Aprily C. C1L012060
M. Reza Taufiq C1L012061
PURCHASES: BATCH
PROCESSING
Step 1: Data processing department
inventory control
Purchasing Department
CASH DISBURSEMENT:
BATCH PROCESSING
Step 5: Data processing department scans
for items due and prints checks for items
received
Step 6: Cash disbursements department
reconciles checks, submits checks to
management for signature
Step 7: Accounts payable matches copies
of checks with open vouchers, closes them
and files documents
Concludes expenditure cycle
IT Auditing & Assurance, 2e, Hall & Singleton
CASH DISBURSEMENT:
REENGINEEREDFULLY AUTOMATED
Data processing steps performed
automatically:
1.
2.
3.
4.
5.
6.
7.
CASH DISBURSEMENT:
REENGINEERED FULLY AUTOMATED
Goods arrive at receiving department
Quantities received entered per item
CASH DISBURSEMENT:
REENGINEEREDFULLY AUTOMATED
Data processing steps performed
automatically:
1. Quantities keyed matched to open P.O.
2.
3.
4.
5.
record
Receiving report file record added
Update inventory subsidiary records
G.L. inventory updated
Record removed from open P.O. file and
added to open A.P. file, due date
established
IT Auditing & Assurance, 2e, Hall & Singleton
CASH DISBURSEMENT:
REENGINEEREDFULLY AUTOMATED
Each day, due date filed of A.P. are
scanned for items where payment is
due
CASH DISBURSEMENT:
REENGINEEREDFULLY AUTOMATED
Data processing steps performed
automatically:
1.
2.
3.
4.
5.
CASH DISBURSEMENT:
REENGINEEREDFULLY AUTOMATED
Control implications
General in nature
Similar to those of Chapter 9
PAYROLL PROCEDURES
Drawbacks to using regular A.P. and
cash disbursements systems to do
payroll
General expenditure procedures that apply
REENGINEERED PAYROLL
SYSTEM
Often integrated with H.R.
Differs from previous automate system
Operations departments transmit
REENGINEERED PAYROLL
SYSTEM
Personnel
Cost accounting
Timekeeping
Data processing
1.
2.
3.
4.
5.
6.
7.
Process controls
Access controls
Warehouse security
Moving assets promptly when received
Paying employees by check vs. cash
Risks
Process controls
Physical controls
Inspection of assets
Theft of assets
Reconciliation of supporting documents: P.O., receiving
report, suppliers invoice
Verification of timecards
Supervision
Paymaster
Payroll imprest account
EXPENDITURE CYCLE
SUBSTANTIVE TESTS
Risks and audit concerns
Understanding data
Inventory file
Purchase order file
Purchase order line item file
Receiving report file
Disbursement voucher file
File preparation procedures
IT Auditing & Assurance, 2e, Hall & Singleton
EXPENDITURE CYCLE
SUBSTANTIVE TESTS