Bpp learning Media is an acca approved Content Provider

Control over the issue of inventory and the despatch of goods
. Control procedures here 
should be such that goods are not issued from stores until a valid order form has been 
received and the fact of that issue is recorded both on the order form (copies 1-3) and in 
the inventory records maintained by the storekeepers.
The objectives here are to see that no goods are released from inventory without 
appropriate authority and that a record of inventory movements is maintained. 
BPP Tutor Toolkit Copy

---

CHAPTER 9
//
CONTROL, SECURITY AND AUDIT 
 
247 
(iv) 
Control over the invoicing of customers
. The main control requirement here will be to use 
sequentially pre-numbered invoices with checks being carried out to control the 
completeness of the sequence. Checks should also be conducted to ensure that all 
invoices are matched with the appropriate order form (copy 2) to confirm that invoices 
have been raised in respect of all completed orders.
The major concern here will be to ensure that no goods are despatched to customers 
without an invoice subsequently being raised. 
(v) 
(The question merely required four controls to be considered, but for the sake of 
completeness, each of the five main stages in processing as indicated by the question 
are considered here.)
 
Control over monies received
. There should be controls to ensure that there is an 
adequate segregation of duties between those members of staff responsible for the 
updating of the sales records in respect of monies received and those dealing with the 
receipt, recording and banking of monies. There should also be a regular independent 
review of aged debtor balances together with an overall reconciliation of the receivables 
control account with the total of outstanding debts on individual customer accounts. 
The objectives here are to ensure that proper controls exist with regard to the complete 
and accurate recording of monies received, safe custody of the asset cash and the 
effectiveness of credit control procedures. 
(c) 
Appropriate tests in relation to each of the controls identified in (b) above would be as follows. 
(i)