Reference no: EM132419844

Match the WCGWs  to the appropriate preventative control by placing the number in the table:

What Could Go Wrong (WCGW)

Preventative Control

Invoices may be made for fictitious sales or duplicate invoices may be made.

Fictitious sales transactions may be recorded.

Invoices may be posted to the wrong customer account.

Cash sales may not be recorded.

Cash and cheques received for deposit may not agree with the cash count list and prelist.

Preventative Controls:

1) Use of cash registers or point-of-sale devices.

2) Matching of shipping document and approved sales order for each invoice.

3) Independent check of agreement of cash and cheques with register totals and prelist.

4) Requirement of sales invoice and matching documents for all entries.

5) Mailing of monthly statements to customers, with independent follow-up of customer complaints.