Your client, Bamboo Ltd. has a system for inputting purchase and expense invoices where the operator inputs the following from each item.
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- Order number (a code 3221 is used for items like electricity)
- Supplier name
- Supplier code number
- First four letters of nominal account name (entered on an invoice by purchase department manager)
- Nominal account code (entered by purchase department manager)
- Goods inward note number
- Net amount
- VAT amount
- Gross amount
- Suggest manual operation and controls which might previously have applied to these invoices.
- Suggest input controls that might be applied by the program to these items.
- List some audit tests that could be applied to these items indicating the purpose of each test and the relevant audit evidence obtained.