AUE2602 EXAM PACK
2022/2023
OCTOBER/NOVEMBER 2021
1.5)
Password controls
Passwords should be unique to each individual (group passwords should not be used).
Passwords should consist of at least six characters, be random not obvious, and a mix of
letters, numbers, upper/lower case and...
Password controls
Passwords should be unique to each individual (group passwords should not be used).
Passwords should consist of at least six characters, be random not obvious, and a mix of
letters, numbers, upper/lower case and symbols.
Passwords/user-IDs for terminated or transferred personnel should be removed/disabled
at the time of termination or transfer.
Passwords should be changed regularly and users should be forced by the system, to
change their password (system sends the user a screen message to change his password
and allows a limited number of attempts to enter his existing password. After this,
access will not be granted until a new password has been registered).
The first time a new employee accesses the system, he should be prompted to change his
initial password.
Passwords should not be displayed on PCs at any time, be printed on any reports or
logged in transaction logs.
Password files should be subject to strict access controls to protect them from
unauthorised read and write access. Encryption of password files is essential.
Personnel should be prohibited from disclosing their passwords to others and subjected to
disciplinary measures should they do so.
Passwords should be changed if confidentiality has been violated, or violation
is expected.
Passwords should not be obvious, e.g. birthdays, names, name backwards,
common words, and should not be the same as the user.
2.1)
Definition Document
A Sales invoice
, B Internal sales order
C Picking slip
D Credit note
E Suppliers delivery note
F Goods received note
G Creditors statement
H Masterfile (payroll) amendment form
I Batch control sheets and batch register
J Wage reconciliation
2.2)
Physical safeguards should be in place to protect cash registers and employees and to
prevent theft
An independent record of every sale must be kept
The independent record should not be alterable
The independent record should be sequenced so that missing records can be identified
Cash should not be allowed to accumulate for too long in the cash till (or equivalent)
whenever cash is transferred from the custody of one person to another, it should be
counted,
Reconciled, documented and signed for by both parties in a safe location
Cash should be banked regularly (at least daily) and intact i.e. cash should not be
removed to pay wages or other expenses
The cash receipts journal should be written up promptly.
Any four .
2.3
2.3.1) Inventory should consist o9f m
Raw materials
Work in progress and
, Finished goods
2.3.2)
Net realizable value is the estimated selling price in the ordinary course of the business less
the estimated costs of completion and the estimated costs necessary to make the sale.
2.3.3) Three cost formula are :
Specific identification
Weighted average cost
First in first out
2.4.1
Loss of confidential information
Appointing employees who are not ethical
Retaining an unsatisfactory employee
Payment of penalties due to non-compliance with the labor act
Unfair dismissal which may eventually take the company to court
2.4.2
Background checks
Interviews
Training and teaching employees the code of ethics
Constantly monitoring the actions of employees by doing performance evaluations
Appoint employees who operate under professional bodies on higher posts
2.5.1
Jacks 14/2
Understating completeness of the long term liabilities
Overstating existence of industrial 240-loan oven
Overstating valuation of the investments which have been made industrial 240-loan oven
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