Jintian Clothing Ltd. manufactures sportswear and sells it to large department stores in Western Canada. The company
Question:
Sales are recorded when goods are shipped. When the goods are shipped, the shipping clerk prepares a bill of lading in triplicate, with one part retained in the shipping department, one part accompanying the shipment, and one part forwarded to accounting. The accounting department matches the bill of lading to the sales invoice, records the sale, and adjusts the inventory records. All documents are sequentially pre-numbered.
REQUIRED
Prepare an audit plan to test the internal control objectives of occurrence, completeness, and accuracy at Jintian Clothing Ltd.
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Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133098235
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
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