P409
physical examination
confirmation
documentation
observation
inquires of the client
reperformances
analytical procedures
recalculation
P451
1 All correspondence is sent to the president
2 All sales order number are accounted for weekly by controller
3 All bills of lading number are accounted for weekly by controller
4 Sales amount recorded on sales invoice is based on standrad
price list. The price list is stored in inventory master file and can
be changed only with authorization of the VP os sales
5 Pam compare sale invoices to shipping documents for
descriptions and quantities and the sale invoices is reviewd for
reasonablenss of the extensions and footing. She initials a
copy of the invoice before the original is mailed to customers
6 Sales are batched daily by Pham. The batch totals are compared
with the sales journal weekly.
7 Statements are sent to customers monthly
8 Accounts receivable master file total is compared with general
ledger by the controller on a monthly basis.
9 Upaid invoices are filed separately from paid invoices
10 Receptionst stamps incoming checks with a restrictive endorsement
11 Deposits are made daily(no cash sales)
12 The bank account is reconciled by the controller
13 All bad debt expenses and write off bad debts are approved by
president and initiated by the controller.
14 Financial statemtns are printed montly by the controller and reviewd
by the president.
15 All errors are reviewed daily by the controller immediatley after
the updating run. Collections are made the same day
