auditofthesalesandcollectioncycle(英文版)(ppt44頁)-文庫吧資料
2025-04-02 10:15本頁面
【正文】 oices ? Sales recorded as of shipping date ? Cash receipts on date received 13 8 Control Activities ? Customer invoice checked for: ? Proper price ? Quantity shipped=billed ? Pending order file reviewed – pleteness ? Bank reconciliation monthly ? Sales returns and adjustments authorization and processing ? Bad debt writeoffs authorization 13 9 Special Audit Considerations ? Receivable are required to be confirmed by GAAS ? Auditor can chose not to confirm receivables if: ? Receivables are immaterial ? Confirmations are unreliable ? Confirmations help prove existence ? Existence – risk of overstating of revenues 13 10 Confirmations ? Positive and Blank Confirmations ? Used for large individual balances ? Better evidence ? Must get all responses ? Negative Confirmations ? Used for large numbers of small balances ? And when IR and CR are low ? Response rates 13 11 Bank Reconciliation ? Cutoff bank statement – confirms reconciling items ? Lapping of customer accounts ? Segregation of duties ? Trace daily remittance to customer posting ? Check Kiting controls interbank transfer schedule 13 12 Processing Customer Orders Customer Order: A request for merchandise by a customer Sales Order: A document describing the goods ordered by a customer 13 13 Granting Credit 13 14 Sales Transaction Accounts Business Functions Documents and Records Sales Accounts receivable Processing customer orders, Granting credit, Shipping goods, Billing customers and recording sales Sales invoice, Sales journal or listing, Sales transaction file, Accounts receivable master file and trial balan
教學(xué)課件相關(guān)推薦
鄂ICP備17016276號-1