Identify the assertion the control address

Reference no: EM132642796

Question - In obtaining an understanding of internal control relating to credit sales, you seek client response to the following internal control questionnaire:

Control 1: do you evaluate the customer's credit history, and is amount of available credit checked before a sale is authorised?

Client's response: yes

Control 2: Do you reconcile all shipment with record sale?

Client's response: yes

Control 3: Do you review all recorded sales at the beginning and the end of each month?

Client's response: yes

Control 4: Do you review the consistency of the estimation of the allowance for doubtful debts?

Client's response: yes

Required - For each of above internal control:

i. Identify the assertion(s) the control address.

ii. Identify whether the control is a prevent or a detect control.

iii. List possible test(s) of control (max two).

Reference no: EM132642796

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