By vouching sales transactions from the accounts receivable ledger back to the sales invoices, the internal auditor verifies that these accounts receivable are properly supported by sales. These sales should then be vouched back to related customer orders and traced forward to shipping documents. The purpose is to detect fictitious sales and
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11. Tracing shipping documents to prenumbered sales invoices provides evidence that a. No duplicate shipments or billings occurred. b. Shipments to customers were properly invoiced. c. All goods ordered by customers were shipped. d. All prenumbered sales invoices were accounted for. 12.
Checking that all sales invoices have been proc essed merely conﬁ rms that ‘all sales invoices have been processed’ (option B) and similarly the existence of authorisation controls merely provides assurance as to whether transactions have been authorised (option D). The existence of segregation of duty controls (option A) does not in itself provide assurance as to completeness of ...
The contents of this manual shall not become part of or modify any prior or existing agreement, commitment or legal relationship. The sales contract contains all obligations on the part of Siemens as well as the complete and solely applicable warranty conditions. Any statements . SITRANS FM MAG 5100 W