Apply the methodology for controls over sales transactions to controls over sales returns and allowances.

AUDIT OF THE SALES  AND COLLECTION CYCLE: TESTS OF CONTROLS AND SUBSTANTIVE TESTS OF TRANSACTIONS

Identify the accounts and the classes of transactions in the sales and collection cycle.
Describe the business functions and the related documents and records in the
sales and collection cycle.
Understand internal control, and design and perform tests of controls and substantive
tests of transactions for sales.
Apply the methodology for controls over sales transactions to controls over sales returns and allowances.
Understand internal control, and design and perform tests of controls and substantive tests of Mtransactions for cash receipts.
Apply the methodology for controls over the sales and collection cycle to controlsrelated to uncollectible accounts receivable.
Understand the effect of tests of controls and substantive tests of transactions on
substantive tests of details of balances.

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