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  3. for each yes/no question listed on the questionnai

For each Yes/No question listed on the questionnaire, write a brief explanation (in the spaces...

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Question

Accounting

For each Yes/No question listed on the questionnaire, write a brief explanation (in the spaces provided below the problem) of why a No answer represents a control weakness.

Question

Yes

No

1. Are additions to supplier master data regularly reviewed and all changes investigated?

2. Is sensitive data encrypted while stored in the database?

3. Does a backup and disaster recovery plan exist?

4. Are appropriate data entry edit controls used?

5. Is a perpetual inventory maintained?

6. Are competitive bids used when ordering expensive items?

7. Are budgets set for service expenses and are variances investigated?

8. Are receiving dock employees trained to accept deliveries only when an approved purchase order exists?

9. Are invoices only approved for payment when accompanied by both a purchase order and receiving report?

10. Is the bank account regularly reconciled by someone not involved in issuing checks?

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