Describe how the extent of testing of each control will be affected in subsequent years if general controls are effective, particularly controls over program and master file changes.
Beds and Spreads, Inc., specializes in bed and bath furnishings. Its inventory system is linked through the Internet to key suppliers. The auditor identified the following internal controls in the inventory cycle: 1. The computer initiates an order only when perpetual inventory levels fall below pre- specified inventory levels in the inventory master file. 2. […]