Sample content Learning Team Assignment: Internal Control Audit – Apollo Shoes ACC 490 Assertions and Questions Yes, No, N/A Comments Occurrence assertion: 1. Is the credit department independent of the sales department? Yes The salesclerks are in the marketing division and order requiring credit authorization is taken to the credit manager in the treasury division. 2. Are sales of the following types controlled by the same procedures described below? Sales to employees, COD sales, disposals of property, cash sales, and scrap sales. No The sales by various teams are handled differently as per organization policies and methods. 3. Is access to sales invoice blanks restricted? Yes Sales bills are locked up in the billing division and are taken out on an as-needed basis. 4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department? Yes The delivery division utilizes a pre-numbered Bill of Lading havi