Sales & Collection Cycle
Designing tests of controls substantive tests of transactions and analytical procedures for the sales and collection cycle require the understanding of the control risk, identifying key internal control deficiencies, associating the deficiencies with the objectives and assessing the control risk for each objective by evaluating the controls and deficiencies for each objective (Arens, Elder and Beasley, 2005, pp. 416 ââ‚
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20 Nov 2015