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Apollo Shoes Case MembersACC 490 / AuditingDateInstructorSales Internal Control QuestionnaireAssertions and QuestionsYes,No,N/ACommentsOccurrence assertion: 1.Is the credit department independent of the sales department?YesTreasurer approval needed. 2.Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales.NoNo information found. 3.Is access to sales invoice blanks restricted?YesInvoices secured. Area secured. 4.Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department?YesShipping department.Completeness assertion: 5.Are sales invoice blanks pre-numbered?YesBlank invoices pre-numbered. 6.Is the sequence checked for missing invoices?NoNo information found. 7.Is the shipping document numerical sequence checked for missing bills of lading numbers?NoNo information found.Accuracy assertion: 8.Are all credit sales approved by the credit department prior to shipment?YesCredit manager file. 9.Are sales prices and terms based on approved standards?YesApproved price file.10.Are returned sales credits and other credits supported by documentation as to receipt, condition, and quantity, and approved by a responsible officer?NoNo information found.11.Are shipped quantities compared to invoice quantities?YesShipping clerk.12

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