ACCT 571 help A Guide to career/Snaptutorial ACCT 571 help A Guide to career/Snaptutorial | Page 4

12.6. Create a questionnaire checklist that can be used to evaluate
controls for each of the four basic activities in the revenue cycle (sales
order entry, shipping, billing, and cash collections).
Required
For each control issue, write a Yes/No question such that a “No”
answer represents a control weakness. For example, one question
might be, “Are customer credit limits set and modified by a credit
manager with no sales responsibility?”
B.For each Yes/No question, write a brief explanation of why a “No”
answer represents a control weakness. (Romney 361)
13.5. Use Table 13-2 to create a questionnaire checklist that can be
used to evaluate controls for each of the basic activities in the
expenditure cycle (ordering goods, receiving, approving supplier
invoices, and cash disbursements).
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ACCT 571 Week 5 Homework Assignment