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Unformatted text preview: process. Outline four control procedures the company should consider to ensure that credit is granted only in accordance with credit policies. 3. For each control procedure identified, briefly indicate how the auditor might go about testing the effectiveness of its operation. 4551 Session 9 In-Class Group Exercise GROUP NAME:________________________________________________________ GROUP MEMBERS PRESENT: ___________________________________________ _______________________________________________________________________ Factors to Consider when Verona is its setting credit policy are: Data from the clients computer system that would assist (include external sources) 2. Control Procedures 3. Audit procedures to test control procedures: 4551 Session 9 In-Class Group Exercise...
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- Spring '11