Sample content Learning Team Assignment: Internal Control Audit – Apollo Shoes ACC 491 ICQ for Apollo Shoes Assertions and Questions Yes, No, N/A Comments Occurrence assertion: 1. Is the credit department independent of the sales department? yes The sales clerks are part of the marketing department although the orders need to be presented to the credit manager which is part of the treasury department. 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 completed by multiple groups are completed by different company policies and procedures. 3. Is access to sales invoice blanks restricted? yes Invoiced sales are completed by the billing department and are further removed on a case to case basis. 4. Are pre-numbered bills of lading or other shipping documents prepared or completed in the shipping department? yes The ship