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Requlred Information Case Summary: ABC Company is a large retaller that collects its order-to-cash data in a large ERP system that was recently updated to
Requlred Information Case Summary: ABC Company is a large retaller that collects its order-to-cash data in a large ERP system that was recently updated to comply with the AICPA's audit data standards. ABC Company currently collects all relevant data in the ERP system and digitizes any contracts, orders, or recelpts that are completed on paper. The credit department revlews customers who request credit. Sales orders are approved by managers before being sent to the warehouse for preparation and shipment. Cash receipts are collected by a cashier and applied to a customer's outstanding balance by an accounts recelvable clerk. You have been assigned to the audit team that will perform the internal controls audit of ABC Company. In this lab, you should identify approprlate questions and develop a hypothesis for each question. Then you should translate questions Into target fields and value in a database and perform a simple analysis. Note: Submit your answers for the following Analysis Questions in the text entry fleld below. pproval of shipments sent to customers, your question might be "Are any shipping managers approving shipments more than 2 days after they are recelved?" ihipping managers are approving shipments more than 2 days after they are recelved
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