Apollo Shoes

In: Business and Management

Submitted By chooks7545
Words 601
Pages 3
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 office and sales department is|
|department? | |in marketing department. |
| 2. Are sales of the following types controlled by the |N/A | |
|same procedures described below? Sales to employees, COD | |No information available |
|sales, disposals of property, cash sales, and scrap | | |
|sales. | | |
| 3. Is access to sales invoice blanks restricted? |YES |Invoice blanks are locked in a closet, with restricted access, |
| | |and not clear who has access |
| 4. Are pre-numbered bills of lading or other shipping |YES |…...

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