This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Current: 47% 31-60 Days: 10% 61-90 Days: 14% 90+: 30% Comparing to organizations in same industry and similar in size, Apollo Shoes delinquencies in 30 and 60 day categories are below 15% are within normal rates. Of concern is the 30% delinquency rate in the 90+ category. The 90+ delinquency is majorly comprised by Mall-Warts, who has filed for bankruptcy. Conclusions: 51 recognizable deviations were discovered while analyzing the Revenue Cycle for 2007. Of major concern are the 31 deviations in the No Credit Approval area. Mall-Warts is a major customer, who is causing a high delinquency ratio in the 90+ category. From the observations, further research in other categories that have a direct impact by credit policies is recommended. Improvement in credit approval uniformity amongst all of Apollo Shoes clients is a necessity. Sincerely, John Audits, III Lead Auditor AOW...
View Full Document
- Spring '11
- Revenue, Financial audit, External auditor, Apollo Shoes