Accounts Receivable

Sales

A/R Posting

Extended Sales Invoice

Packing Slip

Compare invoice to packing slip 2 (C, A)

Driver obtains signature on sales invoice (V, A)

Matching control copy to signed copy of Sales Order (C, V, A)

Check Extended Sales Invoice (A)

Compare invoice to packing slip 2

(C, A)

Compare invoice to packing slip 1

(C, A)

Driver obtains signature on sales invoice (V, A)

Matching to authorized list (A)

Compare A/R batch totals

(C, V, A)

Compare Sales Register to Accounts Receivable Cards (C, V, A)

Sales Invoice

Compare invoice to packing slip 1

(C, A)

Driver obtains signature on sales invoice (V, A)

Key:

Solid boxes are processes

Dashed boxes contain controls associated with processes

Letters after controls are the assertions they cover. Numbers are costs.

Italic letters after controls indicate assertion violations that controls address

C = Completeness

V = Validity

A = Accuracy

Key controls are in bold while non-key controls shown in normal font.

Treasurer reconciles A/R and Sales (C, V, A)

1) Describe different types of information processes and give examples. 2) Describe the control's coverage and give examples. 3) Explain why one of the key controls from example company data in Appendix 2 is a key control.