Julie works in accounts payable. Her job is to prepare the voucher package and submit the completed voucher to the treasurer’s office for payment. When the voucher is paid by the Treasurer’s department it is returned to Julie (without the check) for filing.
The company receives invoices from Mona’s Office Supply. When Julie receives the voucher package back from the Treasurer, Julie scans the invoice from Mona’s Office Supply and changes the address so that a duplicate payment is sent to a Mail Boxes Etc. store where Julie rents a mail box under the name Mini’s Official Supplies. With the slightly altered invoice (no other changes are made), Julie submits the voucher package a second time. Julie also has a bank account with the name Mini’s Official Supplies. When Julie receives the check for Mona’s Office Supply, Julie deposits it in her Mini’s Official Supplies bank account and then used an ATM card to withdraw the cash.
A) Define the internal control weakness that allowed the situation to exist – if any;
B) One (and only one) specific internal controls that should be in place to prevent or detect the problem; and
C) One (and only one) test of control audit procedure.
D) One (and only one) substantive audit procedure that may detect the situation described.
No credit will be given for generic controls (e.g. policies and procedures; separation of duties without specifics; discuss with management). Be specific
Format your answer in the following manner
Weakness:
Control:
Control Audit Procedure:
Substantive Audit Procedure:

Question

Julie works in accounts payable.  Her job is to prepare the voucher package and submit the completed voucher to the treasurer’s office for payment.  When the voucher is paid by the Treasurer’s department it is returned to Julie (without the check) for filing.   
The company receives invoices from Mona’s Office Supply.  When Julie receives the voucher package back from the Treasurer, Julie scans the invoice from Mona’s Office Supply and changes the address so that a duplicate payment is sent to a Mail Boxes Etc. store where Julie rents a mail box under the name Mini’s Official Supplies.  With the slightly altered invoice (no other changes are made), Julie submits the voucher package a second time. Julie also has a bank account with the name Mini’s Official Supplies.  When Julie receives the check for Mona’s Office Supply, Julie deposits it in her Mini’s Official Supplies bank account and then used an ATM card to withdraw the cash.
A) Define the internal control weakness that allowed the situation to exist – if any;	
B) One (and only one) specific internal controls that should be in place to prevent or detect the problem; and
C) One (and only one) test of control audit procedure.
D) One (and only one) substantive audit procedure that may detect the situation described.
No credit will be given for generic controls (e.g. policies and procedures; separation of duties without specifics; discuss with management).  Be specific
Format your answer in the following manner 
 Weakness:
Control:
Control Audit Procedure:
Substantive Audit Procedure:

Quizplus · Accepted Answer

The Answer of Julie works in accounts payable.  Her job is to prepare the voucher package and submit the completed voucher to the treasurer’s office for payment.  When the voucher is paid by the Treasurer’s department it is returned to Julie (without the check) for filing.   
The company receives invoices from Mona’s Office Supply.  When Julie receives the voucher package back from the Treasurer, Julie scans the invoice from Mona’s Office Supply and changes the address so that a duplicate payment is sent to a Mail Boxes Etc. store where Julie rents a mail box under the name Mini’s Official Supplies.  With the slightly altered invoice (no other changes are made), Julie submits the voucher package a second time. Julie also has a bank account with the name Mini’s Official Supplies.  When Julie receives the check for Mona’s Office Supply, Julie deposits it in her Mini’s Official Supplies bank account and then used an ATM card to withdraw the cash.
A) Define the internal control weakness that allowed the situation to exist – if any;	
B) One (and only one) specific internal controls that should be in place to prevent or detect the problem; and
C) One (and only one) test of control audit procedure.
D) One (and only one) substantive audit procedure that may detect the situation described.
No credit will be given for generic controls (e.g. policies and procedures; separation of duties without specifics; discuss with management).  Be specific
Format your answer in the following manner 
 Weakness:
Control:
Control Audit Procedure:
Substantive Audit Procedure:

Julie Works in Accounts Payable