A Serious Exposure in the Revenue Cycle Is Loss of Assets.What

question 35

Multiple Choice

A serious exposure in the revenue cycle is loss of assets.What is the related threat and applicable control procedure that address this exposure?

• A)shipping errors;reconciliation of sales order with picking ticket and packing slip
• B)theft of cash;segregation of duties and minimization of cash handling
• C)making sales that turn out to be uncollectible;force sales people to make collection calls on customers with past due balances
• D)poor performance;preparation and review of performance reports