Auditing the revenue cycle requires the auditor to understand data involved in the revenue cycle. The auditor needs to understand the systems and controls that produced the data, as well as the physical characteristics of the files that contain them. Below is one example of an electronic output produced by the system with the corresponding finding from the auditor upon understanding of the file. Considering that you are the auditor, site some internal control weaknesses present basing from the sales invoice file presented.

MMM Medical Services SALES INVOICE DATE 11/29/2019 Mountain Province WOCE # 1119-012 2616 CAR CUSTOMER D SHMC39 Phone 096555213425 Website mmm.medicalservices@email.com BILL/SHIP TO: SHMC391 NOTE for audit purpose only St. Luke Hospital La Trinidad Bengue This invoice was unrecorded due to lack of system back up on the final hour Phone: 09469656324 of the day . No furthur recording was made to re enter the lost transaction. we34.Bymal com SALESPERSON PO. # SHIP DATE SHIP VIA F.O.B. TERMS 11/29/2019 LAND SHIPPING POINT FREIGHT COLLECT ITEM # DESCRIPTION OTY UNIT PRICE TAX TOTAL 101202 Mythic 22 Diluent 2 3.900.00 9 800.00 SUBT OT AL 19.800.00 Other Comments or Special Instructions VAT Total pavement thing in 20 days FREIGHT 2 Please include the ine nica number on y nur check TOTAL 19.800.00 Make all checks pay able to Wu din MOS If you have any questions about this invoice, please contact 096555213425 Thank You For Your Business