PROBLEM II Accounts Receivable Department Mail Room Clerk 1 Mail Room Clerk 2 Remittance Advice Remittance Advice Check Remittance Check Check List Remittance Advice AR Sub Open Mail and Reconcile Remit advice Prepare Remittance List, Ledger Distribute RA and Checks Reconcile, Record in and Check Cash Receipts Journal Journal, and Accounts, Deposit Cash Remittance Advice AR Control GL Cash Remittance List Check Check Remittance List Remittance Deposit Slip Remittance Advice Advice Remittance Check List BANK
PROBLEM II Accounts Receivable Department Mail Room Clerk 1 Mail Room Clerk 2 Remittance Advice Remittance Advice Check Remittance Check Check List Remittance Advice AR Sub Open Mail and Reconcile Remit advice Prepare Remittance List, Ledger Distribute RA and Checks Reconcile, Record in and Check Cash Receipts Journal Journal, and Accounts, Deposit Cash Remittance Advice AR Control GL Cash Remittance List Check Check Remittance List Remittance Deposit Slip Remittance Advice Advice Remittance Check List BANK
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
ACC 622 Problem 11 chapter 4
see the image attached for the diagram question
Required
a. Discuss the uncontrolled risks associated with the
systems as currently configured.
b. Describe the controls that need to be implemented
into the system to mitigate the risks in
(a) above
Transcribed Image Text:PROBLEM II
Accounts Receivable Department
Mail Room Clerk 1
Mail Room Clerk 2
Remittance
Advice
Remittance
Advice
Check
Remittance
Check
Check
List
Remittance
Advice
AR Sub
Open Mail
and Reconcile
Remit advice
Prepare
Remittance List,
Ledger
Distribute RA
and Checks
Reconcile,
Record in
and Check
Cash Receipts
Journal
Journal, and
Accounts, Deposit
Cash
Remittance
Advice
AR Control
GL Cash
Remittance
List
Check
Check
Remittance
List
Remittance
Deposit
Slip
Remittance
Advice
Advice
Remittance
Check
List
BANK
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