Please answer all

Answer Threat 1. Missing information or inaccurate orders 2. Illegitimate orders 3. Uncollectibility Control Procedures (letters only) a. Establish credit limits, approval of credit limits, read- only access for sales reps b. reconcile packing slip with picking ticket and sales order c. an error-free and efficient revenue cycle d. Data entry checks such as auto-fill of customer information during the order process e. segregate receipt between mailroom and cashier; security cameras; use of EFTs and lockboxes 4. Stockouts or excess inventory 5. Picking the wrong items/quantities 6. Theft of inventory f. appropriate cancellation of documents 7. Shipping errors 8. Duplicate shipments g. scanners, RFID, matching picking ticket with sales order h. reconcile prices to master file and quantities to shipping documents i. monthly statements; data entry controls, reconcile to control account j. Signatures from the customer 9. Failure to bill a customer 10. Mistakes on invoices 11. Errors in A/R sub-ledger 12. Theft of cash k. perpetual inventory method, RFID tags, periodic physical counts I. segregate shipping from billing; reconcile invoice with sales order and shipping documents m. limited access to secure location, physical counts; document all transfers 13. Customer dissatisfaction