Oceanview Marine Company

Statistical Attributes Sampling Data Sheet: Sales December $31,2018$ Define the objective: Evaluation of internal controls and the accounting system for sales. Define the population precisely: Sales transactions that occurred between Jan. $1,2018$ and Dec. $31,2018,$ inclusive. Define the sampling unit, organization of population items, and random selection procedures: $$ Sales transactions as identified by sales invoice number, recorded sequentially in the sales journal. Computer$-$generated random sample. $$ Computer$-$generated random sample. Description of Attributes Planning$$ Actual Results EPER TER ARO Sample Size Sample Size Number of Exceptions CUER $1.$ Proper approval of customer credit information. $($E$)1\mathrm{.}50810485022.$ Goods have been shipped to customer. $($E$)0\mathrm{.}00510455003.$ Amount recorded in journal agrees with invoice total. $($A$)0\mathrm{.}00710325004.$ Footings and extensions on the sales invoice are correct. $($A$)0\mathrm{.}50810485005.$ Price$($s$)$ per unit on invoice agree with approved price list. $($A$)1\mathrm{.}00810485006.$ Quantity$($ies$)$ on sales invoice agree with quantity$($ies$)$ on bill of lading and customer order. $($A$)1\mathrm{.}50810485007.$ Proper accounts were debited and credited. $($Cl$)2\mathrm{.}00810485018.$ Sales transaction recorded promptly after shipment. $($T$)1\mathrm{.}5091042501$ Audit Objective for Tests of Controls and Substantive Tests of Transactions:$$ Accuracy$$ Existence$$ Classification$$ Posting & summarization$$ Completeness$$Timing