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Accounts Receivable Control Review by Jackie Jarvis is a document available to read on EtoBox.

What is Accounts Receivable Control Review about?

The accounts receivable system has several control weaknesses: 1. The subsidiary ledger is only reconciled annually by external auditors, leaving opportunities for errors or fraud to go undetected for long periods. 2. There are no formal criteria or independent review for writing off doubtful accounts, allowing the accounts receivable clerk sole discretion over removing bad debts. 3. No follow up is done on accounts written off, missing chances to collect on doubtful accounts rather than simply writing

Author

Jackie Jarvis

Language

EN