Essay about Apollo Shoes

611 Words Jan 12th, 2013 3 Pages
Internal Control Questionnaire—Sales Transaction Processing

| |Yes, No, N/A | |
|Assertions and Questions | |Comments |
| |
|Occurrence assertion: |
| 1. Is the credit department independent of the sales |YES |The credit manager is in treasures
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| | |
| |
|Completeness assertion: |
| 5. Are sales invoice blanks pre-numbered? |YES |No information available on when or how this is done |
| 6. Is the sequence checked for missing invoices? |YES |A/R checks for these |
| 7. Is the shipping document numerical sequence checked |N/A |No information available |
|for missing bills of lading numbers? | | |
| | | |
|Accuracy assertion: | | |
| 8. Are all credit sales approved by the credit |YES |The credit manager in charge of this

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