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Control Systems and Technology in Accounting · CAPE Accounting Unit 1

35 past-paper questions on Control Systems and Technology in Accounting, part of Module 1: Accounting Theory, Recording and Control Systems, from every CAPE Accounting Unit 1 paper on Quelpr.

Practise Control Systems and Technology in Accounting
  1. 1(b)10 marks· CAPE Accounting Unit 1 · 2006 · Paper 2List and briefly describe FIVE internal control practices relating to cash, which would be carried out even in a small business having little opportunity for the separation of duties.
  2. 1(c)(i)2 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Briefly contrast the role of internal auditors and external auditors with reference to what or who determines the scope of their work.
  3. 1(c)(ii)2 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Briefly contrast the role of internal auditors and external auditors with reference to the period of time for which they are usually appointed.
  4. 1(c)(iii)2 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Briefly contrast the role of internal auditors and external auditors with reference to what or whom they are usually required to be independent of.
  5. 1(c)(iv)2 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Briefly contrast the role of internal auditors and external auditors with reference to whether they are usually responsible for the prevention and detection of fraud.
  6. 1(c)(v)2 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Briefly contrast the role of internal auditors and external auditors with reference to the standards which generally guide their work.
  7. 1(b)5 marks· CAPE Accounting Unit 1 · 2008 · Paper 2Explain why a business should have an internal control system, including FIVE reasons in your response.
  8. 1(c)(i)6 marks· CAPE Accounting Unit 1 · 2008 · Paper 2For EACH of the six control procedures listed, identify the weakness in internal control.
  9. 1(c)(ii)6 marks· CAPE Accounting Unit 1 · 2008 · Paper 2For EACH of the six control procedures listed, suggest a change in the procedure that will result in good internal control.
  10. 1(c)(iii)8 marks· CAPE Accounting Unit 1 · 2008 · Paper 2Identify FOUR internal control principles that have been violated by the procedures currently in place at Balandra Clothing Store.
  11. 1(c)(i)2 marks· CAPE Accounting Unit 1 · 2009 · Paper 2What is the meaning of the term 'internal control'?
  12. 1(c)(ii)3 marks· CAPE Accounting Unit 1 · 2009 · Paper 2What is the role of internal control in a business organization?
  13. 1(c)(iii)3 marks· CAPE Accounting Unit 1 · 2009 · Paper 2Why are internal controls important for inventory (stock)?
  14. 1(c)(iv)2 marks· CAPE Accounting Unit 1 · 2009 · Paper 2Identify TWO internal controls that should be put in place for accounts receivable (debtors).
  15. 1(c)(i)6 marks· CAPE Accounting Unit 1 · 2010 · Paper 2For EACH of the three situations described, outline the weakness in internal control.
  16. 1(c)(ii)9 marks· CAPE Accounting Unit 1 · 2010 · Paper 2For EACH of the three situations described, explain the changes required to strengthen internal control.
  17. 1(c)5 marks· CAPE Accounting Unit 1 · 2011 · Paper 2Outline FIVE ways in which accounting information in an Electronic Data Processing (EDP) environment can be controlled.
  18. 1(a)(i)8 marks· CAPE Accounting Unit 1 · 2012 · Paper 2Copy and complete Table 1 comparing and contrasting the scope and objectives of the work of internal auditors for a public company with those of external auditors.
  19. 1(a)(ii)4 marks· CAPE Accounting Unit 1 · 2012 · Paper 2Explain briefly the extent to which each type of auditor should be expected to detect fraud in a company.
  20. 1(e)4 marks· CAPE Accounting Unit 1 · 2013 · Paper 2State any FOUR ways to achieve internal controls in an organisation to improve the accuracy and reliability of accounting records.
  21. 1(d)(i)5 marks· CAPE Accounting Unit 1 · 2014 · Paper 2Identify the internal control principle that is being violated for situations 2 through 6 using Table 1.
  22. 1(d)(ii)10 marks· CAPE Accounting Unit 1 · 2014 · Paper 2Suggest ONE corrective measure that could be employed and give your reason for situations 2 through 6 using Table 1.
  23. 1(f)6 marks· CAPE Accounting Unit 1 · 2015 · Paper 2Outline THREE controls that the management can implement to ensure the integrity of its accounting records.
  24. 1(b)(iii)4 marks· CAPE Accounting Unit 1 · 2016 · Paper 2Give FOUR reasons why the role of the external auditor is important to users of financial statements.
  25. 1(c)(i)4 marks· CAPE Accounting Unit 1 · 2016 · Paper 2State FOUR appropriate controls that may be used for Accounts receivable.
  26. 1(c)(ii)4 marks· CAPE Accounting Unit 1 · 2016 · Paper 2State FOUR appropriate controls that may be used for Cash at bank.
  27. 1(b)(i)2 marks· CAPE Accounting Unit 1 · 2017 · Paper 2List TWO other principles of internal controls concerning the management of cash, in addition to physical, mechanical and electronic controls, and segregation of duties.
  28. 1(b)(ii)8 marks· CAPE Accounting Unit 1 · 2017 · Paper 2Describe TWO procedures to be implemented for EACH of the FOUR principles given as well as recommended in (b)(i).
  29. 1(b)(iii)6 marks· CAPE Accounting Unit 1 · 2017 · Paper 2Outline THREE differences between an 'internal auditor' and an 'external auditor'.
  30. 1(d)(i)3 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Describe how the introduction of an integrated computerized accounting system will impact the company in terms of recording information.
  31. 1(d)(ii)3 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Describe how the introduction of an integrated computerized accounting system will impact the company in terms of access to records.
  32. 1(d)(iii)3 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Describe how the introduction of an integrated computerized accounting system will impact the company in terms of independent internal verification.
  33. 1(d)(i)3 marks· CAPE Accounting Unit 1 · 2019 · Paper 2List THREE reasonable assurances that should be provided by internal accounting controls.
  34. 1(c)(i)2 marks· CAPE Accounting Unit 1 · 2021 · Paper 2Outline ONE benefit of a computerized accounting system to the process of independent internal verification.
  35. 1(c)(ii)8 marks· CAPE Accounting Unit 1 · 2021 · Paper 2Discuss the impact of the introduction of an integrated computerized accounting system on EACH of the following processes: • Recording of information • Access to records

Related topics in Module 1: Accounting Theory, Recording and Control Systems