Question
Indicate whether each statement below in an internal control weakness (W) or strength (S) for a company. Customer credit is set and authorized by
Indicate whether each statement below in an internal control weakness (W) or strength (S) for a company. Customer credit is set and authorized by the W Sales Representative. Collections received by check are received by W the same person responsible for preparing the deposit slip. Account statements are sent to customers on a monthly basis. Cash is deposited once per week. S S Customer complaints about a monthly statement balance are handled by the AR Clerk. W Standard Sale Prices for inventory items are set and maintained as necessary by all Sales Reps W Delivery quantity delivered line item value is matched against an open Sale Order quantity ordered line item. S Indicate whether each statement below in an internal control weakness (W) or strength (S) for a company. Customer credit is set and authorized by the W Sales Representative. Collections received by check are received by W the same person responsible for preparing the deposit slip. Account statements are sent to customers on a monthly basis. Cash is deposited once per week. S S Customer complaints about a monthly statement balance are handled by the AR Clerk. W Standard Sale Prices for inventory items are set and maintained as necessary by all Sales Reps W Delivery quantity delivered line item value is matched against an open Sale Order quantity ordered line item. S
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