1. To General Manager
From Internal Audit Date 4/12/14
Audited company: Asku PLC
Subject: - Credit Collection performance report
As you Know before two month there was a meeting between Sales department, Finance
and Internal Audit the main objective of the meeting is to disuse how can we collect the
outstanding balance of credit sales which maturity period is long lasted. When we see the
current collection progress after the meeting there is no any progress made on collecting
the balance.
Both parties finance and sales made promise on the meeting to collect the outstanding
balance within one month period of time but when we see the current situation it shows
they don’t done well.
Finally we will like to recommend strongly both departments should have to give more
attention to collect the outstanding balance.
With Regards
Eyob fisseha
Internal Auditor
CC: Sales department
Finance department