The Revenue Cycle Threats and Controls - The Revenue Cycle...

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The Revenue Cycle Threats and ControlsGeneral Issues throughout entire revenue cycle1.Inaccurate or invalid master dataa.Data processing integrity controlsb.Restriction of access to master datac.Review of all changes to master data2.Unauthorized disclosure of sensitive informationa.Access controlsb.encryption3.Loss or destruction of dataa.Backup and disaster recovery procedures4.Poor Performancea.Managerial reportsSales order Entry5.Incomplete/inaccurate ordersa.Data entry edit controlsb.Restriction of access to master data6.Invalid ordersa.Digital signatures or written signatures7.Uncollectible accountsa.Credit limitsb.Specific authorization to approve sales to new customers or sales that exceeds acustomer’s credit limit

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Term
Fall
Professor
staff
Tags
Revenue, Sales, Master Data

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