Solution-Would a validity check help prevent this threat

Would a validity check help prevent this threat

Reference no: EM133182599

Question 1 - The purchasing department wants to order 5000 yards nylon for $6.85/yard. However, during key stroking, the purchasing department keystrokes in $8.65/yard!

Required -

Would a validity check help prevent this threat? Why or why not.

Would the direct material purchase price variance detect this threat? Why or why not?

Question 2 - The purchasing department orders 5000 yards of SILVER nylon at $6/yard. The vendor shows up with 5000 yards of GOLD nylon at $6/yard!

Required -

What control procedure would prevent this threat from occurring? Please explain how/why.

Would the review of the receiving log detect this threat?

Explain how the PHYSICAL INVENTORY works as a control procedure. Then describe how independent checks can make it a more effective control procedure.

Reference no: EM133182599

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Would a validity check help prevent this threat

Reference no: EM133182599

Reference no: EM133182599

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