question archive You have been the auditor of Alpha Bhd
You have been the auditor of Alpha Bhd
Subject:AccountingPrice: Bought3
You have been the auditor of Alpha Bhd., a large wholesaling and retailing company with thousands of different items of inventory. In order to improve its control procedures, the company has just computerised its inventory control.
All inventory records are maintained on disk. The system has 12 remote terminals located in different parts of the company's premises. Employees use these terminals to access information about the current status of any inventory item. Updating of the inventory records is also carried out via these remote terminals as stock movements occur.
Recommend ANY SIX (6) procedures that should be adopted by Alpha Bhd. to control the conversion from the manual to the computerised inventory control system.
