Why are monthly customer statement considered a control? Why is it important to separate the duties of

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Why are monthly customer statement considered a control? Why is it important to separate the duties of responding to customer complaints from the accounts receivable and cash collection functions?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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