Task 1: Steps in the Purchasing Process There are many varieties of systems that can be used for purchasing. Regardless of the system used, a purchasing system must execute a number of steps. Select from the option list provided the five purchasing-related steps in the order by which they would occur. Each choice may be used once or not at all. Order in Process Purchasing-Related Step 1 2 3 4 5   Task 2: Functions in Invoice Processing When a firm receives a vendor invoice, it may use a processing program to perform many functions that were traditionally done manually. Select from the option list provided whether or not each function below may be performed by computer processing after goods have been received and accepted, an invoice is received, and the invoice is entered into the system Computer-Processed Function Performed? Goods are transported to the warehouse. A confirmation is sent to the customer. Terms and prices are checked against the record in the purchase order file. A payable is recorded in the accounts payable file. Inventory levels are checked to determine whether a new order should be initiated. The general ledger is updated for inventory debit and accounts payable credit. Cash is mailed to the vendor.  

According to the chocolate cake model:

The exhibit contains a portion of a flowchart for a payroll processing system. Several of the steps or symbols are replaced by numbers. Select from the option list provided the appropriate replacement for each number below. Each choice may be used once, more than once, or not at all.

When someone believes that things happen in the world because of luck and random decisions made by powerful people, they are more likely to have an:

The exhibit depicts symbols used in flowcharts or data flow diagrams. Select from the option list provided the representation for each symbol in the exhibit. Select from the option list provided the representation for each symbol in the exhibit.

For each of the phrases taken from a SOC 2 report in Column A, select from the option list provided the paragraph from which it came. Answers may be used once, more than once, or not at all. Phrase Paragraph The controls stated in the description were suitably designed throughout the period January 1, 20XX, to December 31, 20XX,… Our examination was conducted in accordance with attestation standards… XYZ has provided the accompanying assertion titled “Assertion of XYZ Service Organization Management” (assertion)… …obtaining an understanding of the system and the service organization’s service commitments and system requirements. This report, including the description of tests of controls and results thereof in section XX, is intended… …for designing, implementing, and operating effective controls… The description is prepared to meet the common needs of a broad range of report users and may not,… We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.

Corinne wants her child to be more conscientious and stop forgetting his winter hat at school or on the bus. Every time he remembers to bring his winter hat home, she lets him have an extra ten minutes of screen time that night. This is an example of a:

Soo-Lin talks back to her parents. In an attempt to make Soo-Lin more agreeable and to stop her from being disrespectful in the future, her parents employ a positive punishment such as:

Trust services criteria (TSC) are classified under various categories of information and systems that are subject to a SOC 2 engagement. For each description, select from the option list provided the criteria that best matches it. Each choice may be used once, more than once, or not at all.   Description  Trust Services Criteria  System processing is complete, valid, accurate, timely, and authorized to meet the entity’s objectives. Information is protected to meet the entity’s objectives. Personal information is collected, used, retained, disclosed, and disposed of to meet the entity’s objectives. Information is fairly reported in accordance with GAAP. Information and systems are protected against unauthorized access, unauthorized disclosure of information, and damage to systems. Information and systems are accessible for operation and use to meet the entity’s objectives.

Linda is so happy that her wife Lynda was more conscientious than usual and paid the bills on time this month, that she tells her that she doesn’t have to go to the orchestra with her tonight. Lynda hates the orchestra, and so she is super happy about no longer having to go. In the future, she will be more conscientious about paying the bills. This is an example of: