Controls over the shipment of goods

Related BrainMass Solutions

• Auditing Balances for Revenues

  Shipment of goods or providing of services not made without an authorized sales order/services contract. Audit assertion - accuracy of providing shipment details.

• Management controls

  The bill of shipment must bear the signature of the sales person. The warehouse must release the goods to the authorized transporter and must obtain an endorsement relating to the goods received.

• Apollo Shoes Audit program design: Acquisition and payment

  Inquire about the status of the large shipment of odd sized shoes at year end. Was this paid? 11.

• Job-cost and Process-cost systems

  The manufacturing of that product continually produces the same product over and over. What is the effect of each system on the product cost? First, product cost is the cost of all the different components that make up the product.

• Auditing: Design controls for Apollo Shoes inventory

  Review sales returns (to see if shipment of odd size comes back and that was just a fraud to get it out of the warehouse during the count). 2. Purchases seem very high given sales. It makes me wonder why.

• Internal controls in auditing

  in understanding internal controls.

• International Sale of Goods

  In other words this means that because of the absence of destination specifications this contract is a "shipment contract" in other words this means that the risk of loss passes on to the buyer the moment the seller hands over the goods to the carrier

• Internal controls for accounts payable for Apollo Shoes

  JE date = date of check; End of month JE includes month summarized 6. JE for inventory additions = date of receiving report 7. JE for inventory issues = date of shipment 8.

• International Law

  The ownership and risk of the goods pass on to the buyer when the goods are handed over to the carriers. If it were my company, I would enter into terms by which the risk passes on to the buyer when the goods are handed over to the carrier.