6. A treasury department overstated its company's cash position by neglecting to account for a $200,000 wire transfer. Which of the following internal controls could have detected the error? (A) Performing monthly reconciliations of all bank accounts. (B) Requiring that all outgoing wire transfers be approved by management. (C) Requiring internal auditors to perform analytical procedures on cash balances. (D) Including the daily bank-activity statements as backup to the monthly entries in the cash-receipts journal.

12. An auditor was testing whether shipments were made only to credit-worthy customers. The client informed the auditor that the information technology system would not print bills of lading for customers that were on credit hold. The auditor would most likely next perform which of the following? (A) Select a sample of customers on credit hold, attempt to print bills of lading for these customers, and verify with the information technology department that only a few customers are on credit hold. (B) Attempt to print a bill of lading for one customer on credit hold and verify with the information technology department that this control cannot be overridden without approval. (C) Review recent shipments for a sample of customers on credit hold and verify with the accounting manager that all shipments were shipped by the due date. (D) Review the customer files for the names of all customers on credit hold and verify with the accounting manager that no shipments were made to these customers after they were listed on credit hold.

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