Sales system controls
Sales system controls govern the authorisation, processing, recording and collection of sales transactions. Relevant objectives include occurrence, completeness, accuracy and cut-off. The auditor evaluates risks and the design and operation of relevant controls as appropriate.
Worked example
The entity matches dispatch records to invoices and independently reviews unmatched dispatches to help identify unrecorded sales.
Common mistake
Checking only recorded invoices for dispatch documents tests occurrence but may not identify omitted sales.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |