Page 84 - Audit Day 3 - Class Slides

REVENUE AND RECEIPTS CYCLE

RISKS WITHIN RECIVING CUSTOMER

ORDERS

• Orders may be accepted from non-account

holders.

• Orders may not be acted upon timeously or at all,

resulting in a loss of sales and customer

goodwill.

• Inaccurate or incomplete order details may be

recorded which will result in incorrect deliveries,

returns and customer goodwill.

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