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Team B - Revenue Cycle Bridge Working Paper

Team B - Revenue Cycle Bridge Working Paper - Shipment File...

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Revenue Cycle Bridge Working Paper S= Strength or W= Weakness Control Activity Audit Implications Describe Test of Controls Compensating Audit Procedures S1 Authorized Price List Invoice accuracy Compare price list to pricing on invoice. Recalculate S2 Credit Approval Reduction in credit risk. Review of orders and credit checks. Document inspections and confirmation. S3 Numerical Pending
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Unformatted text preview: Shipment File Un-reported revenue and missed shipments. Comparison of customers date of order to ship date. Document inspections and confirmation. W1 Inspection for appropriate quantities. Change sequence of invoice copies 3 & 4. Inventory errors /misrepresentations . Wrong sales numbers. Physical inventory counts. Receipt confirmation....
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