Apollo shoes internal control weaknesses

The Company performs on-going credit evaluations of all of its customers and generally does not require collateral. Then they count and inspect the items received. While we tried to make the case as realistic as possible, limitations remain. Net income per common share Net income per common share is computed based on the weighted average number of common and common equivalent shares outstanding for the period.

The general ledger supervisor shall compare the copy 2 daily batch total with the copy 4 individual accounts posting total sent from the accounts receivable department.

Business i Item 2.

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The VP-IS also provides the primary contact with other department vice presidents and has overall responsibility for training other department personnel in the use of the new system.

The treasurer shall approve all cash refunds and allowance credit memos for sales returns, after initiation by customer relations personnel. The general ledger supervisor shall approve all monthly summary entries before they are posted to the general ledger.

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The general ledger supervisor shall approve all monthly summary entries before they are posted to the general ledger. They may also prepare reconciliations without prior notice given to cash management personnel.

I am proud of their responses. This workpaper is necessary to document that we are following SAS 99 fraud guidance. The terminals require a special password.

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(DOC) Apollo Shoes Case 7e Revised