If you place a control that only a limited number of individuals can change the customer master file and all file changes are reviewed by appropriate levels of management, which of the following risks will you be addressing?
A)Sales made to unauthorized customers
B)Goods released from warehouse for unauthorized orders
C)Some shipments going unbilled
D)Sales invoices recorded in the incorrect amount

Question

Quizplus · Accepted Answer

By limiting the number of individuals who can change the customer master file and implementing a review process, the risk of sales made to unauthorized customers can be mitigated. This control does not address the risks of goods being released for unauthorized orders, shipments going unbilled, or sales invoices being recorded in the incorrect amount.

If You Place a Control That Only a Limited Number