January 9, 2003

Accounts Receivable & Credit Internal Audit Work Program -- Segregation of Duties

Accounts receivables processing between sales order entry to collections can create significant risk to cash flow from aging receivables and cash handling. Internal audit teams can utilize the following work program designed to focus upon segregation of duties and general control concerns. Combined with the segregation of duties matrix this work program will assist internal audit team to evaluate management internal control assertions.