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8 Cards in this Set
- Front
- Back
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Trade Organization risks |
Officers receive kickbacks or inducement from vendors Theft of inventory on display Theft of cash by employees |
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Trade Organization Internal controls |
Tender procedures Detailed checks and analytical review of price Physical access controls Supervision by store personnel Periodic physical inventory count Segregation of duties (RAC) |
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Service Organization: Knowledge and Skills |
Sell Man hours Electronically deploy intellectual property Sell financial products
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Service Org: K&S--> risks |
Sales: noncompliance with applicable legislation HR: capacity not reaching market demand Other: incorrect reporting of time |
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Service Org: K&S--> controls |
Sales: Peer review procedures, hiring, and training Capacity: Adequate assessment of future orders, HR policy to match supply and demand Incorrect time reporting: partners check employee job time records per engagement Analysis for budget and actual time Engagement codes to prevent unauthorized individuals from recording time to jobs they didn't work on |
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Service Org: Electronic Intellectual Property |
Costly production process Low costs of deployment process Dependent on use of info systems
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Service Org: Electronic Intellectual Property--> risks |
Cost overruns Time overruns Illegal copies |
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Service Org: Electronic Intellectual Property--> controls |
Cost: Detailed project administration, checks by accounting Time: frequent progress reports Copies: protection on applications, use of licensing systems, entrance/departure procedure for employees |
