Items 1 through 9 are selected questions of the generally found in internal control questionnaires used by auditors to obtain an under of internal control in the sales and collection cycle. In using the questionnaire for a, a "yes" response to a question indicates a possible internal control, whereas a "no" a potential deficiency. Are sales invoices independently compared with customers' orders for prices, quantities, extensions, and footings? Are sales orders, invoices, and credit memoranda issued and filed in numerical sequence and are the sequences accounted for periodically? Are the selling and cash register functions independent of the cash receipts, shipping, delivery, and billing functions? Are sales generated through the company's Web site automatically recorded in the sales system? Are all C.O.D., scrap, equipment, and cash sales accounted for in the same manner as charge sales and is the record keeping independent of the collection procedure? Is the collection function independent of and does it constitute a check on billing and recording sales? Are accounts receivable master files balanced regularly to control accounts by an employee independent of billing functions? Are cash receipts recorded by persons independent of the mail-opening and receipts-listing functions? Are receipts deposited intact daily on a timely basis? For each of the preceding questions, state the transaction-related audit objectives being fulfilled of the control is in effect. For each control, list a test of control to test its effectiveness. For each of the preceding questions, identify the nature of the potential financial statements. For each of the potential misstatements in part c, list a substantive audit procedure to determine whether a material misstatement exists. Items 1 through 9 are selected questions of the generally found in internal control questionnaires used by auditors to obtain an under of internal control in the sales and collection cycle. In using the questionnaire for a, a "yes" response to a question indicates a possible internal control, whereas a "no" a potential deficiency. Are sales invoices independently compared with customers' orders for prices, quantities, extensions, and footings? Are sales orders, invoices, and credit memoranda issued and filed in numerical sequence and are the sequences accounted for periodically? Are the selling and cash register functions independent of the cash receipts, shipping, delivery, and billing functions? Are sales generated through the company's Web site automatically recorded in the sales system? Are all C.O.D., scrap, equipment, and cash sales accounted for in the same manner as charge sales and is the record keeping independent of the collection procedure? Is the collection function independent of and does it constitute a check on billing and recording sales? Are accounts receivable master files balanced regularly to control accounts by an employee independent of billing functions? Are cash receipts recorded by persons independent of the mail-opening and receipts-listing functions? Are receipts deposited intact daily on a timely basis? For each of the preceding questions, state the transaction-related audit objectives being fulfilled of the control is in effect. For each control, list a test of control to test its effectiveness. For each of the preceding questions, identify the nature of the potential financial statements. For each of the potential misstatements in part c, list a substantive audit procedure to determine whether a material misstatement exists