1.

Invoices are sent for shipped goods, and are recorded in the sales journal, but are not
posted to any customer accounts.

Control: i. Sales invoices are compared with shipping documents and approved
customer orders before invoices are mailed.

2. Invoices for goods sold are posted to incorrect customer accounts.

Control: j. Control amounts posted to the accounts receivable ledger are
compared with the control totals of invoices.
3. Invalid transactions granting credit for sales returns are recorded.
Control: d. Pre numbered credit memos are used for granting credit for goods
returned.
4. Goods are removed from inventory for unauthorized orders.
Control: f. Approved sales orders are required for goods to be released from the
warehouse.
5. Credit sales are made to customers with unsatisfactory credit ratings.
Control: a. Customer orders are compared with an approved customer list.
6. Invoices are sent to co-participants in a fraudulent scheme, and sales are recorded for
fictitious transactions.

Control: b. Sales orders are prepared for each customer order.

7. Goods shipped to customers do not agree with goods ordered by customers.

Control: c. Shipping clerks compare goods received from the warehouse with
details on shipping documents.
8. Invoices are sent for shipped goods, but are not recorded in the sales journal.
Control: k. Daily sales summaries are compared with the control total of
invoices.