April 18, 2005

Accounts Receivable, Credit, Collection and Cash Application Process Review – Audit Report

This is an example of how the internal audit group can report their findings resulting from an Accounts Receivable, Credit, Collection, and Cash Application process review. This document highlights segregation of duties, process, and system observations and findings; and illustrates how to document the business impact of an observation or finding, recommendations, and management action plans for items requiring follow-up.