Page 293 - COSO Guidance Book

Exhibit 8-1: Sample abbreviated sales processing ICQ

Personnel N/A No Yes

Processing sales transactions

Information necessary to prepare invoices (for
example, prices, discount policies) is clearly
communicated to billing personnel on a timely
basis.

Prenumbered invoices are prepared promptly
after goods are shipped.

Quantities on the invoices are compared to
shipping documents.

The prices on the invoices are current.

The people who perform the billing function are
independent of

Sales

Credit

Collection

Invoices are mailed to customers on a timely
basis.

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