Essay about Apollo Shoe Case Assignment
Sales Internal Control Questionnaire for Apollo Shoes Audit
Internal Control Questionnaire—Sales Transaction Processing
Assertions and Questions Yes, No, N/A
Occurrence assertion: 1. Is the credit department independent of the sales department? Yes The credit manager is the …show more content…
S-3 Sales Invoice: Numerical Sequence The fact that this document is in numerical order means that there is a level of accountability. A company cannot be charged and given one invoice while the shipping department is given another with more product listed because they will have different numbered forms. Tracing Select a sample amount of sales invoices and follow them through their journey throughout the companies various departments. Look for signatures, as well as if mistakes had to be made, such as the amount of product being shipped out.
Location Keeping these forms locked mean that others cannot order products to a clients account without them knowing about it. This also allows for a certain amount of accountability if forms are missing. Observation/Inquiry Look any information showing a gap in the sequence or signature from someone not in the billing department.
S-3 Multiple Copies of Sales Invoice Sending both the customer order and sales order to the account receivable department allow for