Unformatted text preview: Sales Adjustments and Controls – Grant cash discounts, grant sales returns and allowances, determining uncollectable accounts, other controls and fnally tests oF controls. Expenditure cycle – Inventory, raw materials, prepaid expenses and assets. ³ormula: Beginning Inventory + purchases – ending inventory = cost oF goods sold ProducTon cycle – Labor cost distribuTon summary, payroll tax returns, employee personnel fle, personnel data master fle and employee earnings master fle. Web ´rust – privacy pracTces, transacTon integrity and inFormaTon protecTon. OperaTonal AudiTng – systemaTc process, evaluaTng operaTons and e±ecTveness, eµciency and economy oF operaTons. ReporTng to upper management or department heads and recommendaTons. Phases oF an operaTonal audit Select Auditee Plan PerForm Report fndings PerForm Follow-up...
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- Summer '14
- Revenue, Tax Returns, Financial audit, CASH RECEIPTS JOURNAL