chap09 format - Ateneo de Davao University School of Business and Governance Bradmark Comprehensive Case Revenue Cycle In Partial fulfillment of the

chap09 format - Ateneo de Davao University School of...

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Ateneo de Davao University School of Business and Governance Bradmark Comprehensive Case Revenue Cycle In Partial fulfillment of the Requirements In the Course IT Audit - ISM424 Presented to: Mrs. Mylene S. Caballero Instructor Presented by: Course and Section: Date:
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Bradmark Wholesale General Supply An ACL™ Case Study Bradmark is a wholesale general supply company that ships to business customers throughout Northeast Pennsylvania, New York state, and Southern Connecticut. Bradmark has developed a competitive edge by offering a wide variety of quality products at competitive prices. The company’s products range from paint to watering cans. Bradmark is a publicly owned company, whose board of directors has retained your firm to conduct the annual audit. You are the in-charge auditor who is currently examining Bradmark’s revenue and expenditures procedures and related accounts. Bradmark’s main offices are in its Allentown, PA warehouse. The following describes your client’s system configuration and business procedures. System Overview and Background Bradmark’s information system is a recently purchased application that runs on a client-server network configuration. James Walker, a systems designer in Bradmark’s IT department, played a central role in implementing and modifying the system to meet Bradmark’s specific needs. Because of Walker’s familiarity with the system, he was asked by top management to temporarily oversee the initial running of the new system to ensure a smooth transition from the old legacy system. After several months, James Walker was offered a promotion to Warehouse Manager and given permanent responsibility for product purchasing. Sales and Cash Receipts Procedures The flowchart in Figure 1 and the record layout in Figure 2 (see the related PowerPoint file for figures) illustrate Bradmark’s sales and cash receipts procedures. Sales Department Customer orders are received by mail or fax in the sales department. One of the sales staff accesses the customer record and reviews the available credit before creating a Sales Invoice record.
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  • Summer '19
  • Information Technology, Internal Auditing Chapter 9, Revenue And Receipt Cycle, Case Study Questions, James Hall, invoice, sales invoice, Bradmark

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