9-25 l!:IJ Assume the auditor

9-25 l!:IJ Assume the auditor plans to test controls over theshipment and recording of sales transactions. Identify the controlsthat the auditor ,vould expect to find to achieve the objectivethat all transactions are recorded correctly, and in the correctperiod. For each control identified, indicate ho,v the auditor,vould test whether the control operated effectively.


Following can be the various cases and test controls accordingly:-

1 . In order to prevent any fictitious sales :-

i. Segregation of duties regarding shipping function , orderentry and billing function will ensure that fictitious sales arenot recorded

Auditor should observe personally whether proper segregation ofduties has been made in order to test whether controls areoperating effectively.

2 . In order to ensure proper recording of revenue when goodsare shipped

i. Maintain numerical sequence of shipping document and salesinvoice to ensure proper recording of sales.

ii. Regularly and frequently match shipping document with thesales invoice to ensure none of the goods shipped skipped frombeing recorded.

III . Sales invoice should be reconciled with daily salesreport.

3. In order to avoid recording sales in wrong accounting period:-

i . Shipping document forwarded to billing function daily.

ii . Daily billing of goods being shipped will help to recordthe sales in the correct accounting period.

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