1.types of revenues which the company has and describe whether these types have the same internal control system.
2. how is internal control over the price component arranged. I.e.; who determines the price, how is this registered, how is the internal control over price changes, how are monitoring controls afterwards to ensure the correct prices are used for invoicing?
3.how is segregation of duties in place throughout the entire sales process
4.how is internal control over the quantities invoiced? E.g. how is properly managed that the product movements (all items shipped) are indeed invoiced completely?
5.how is cut off of revenues managed by the company?
6.How is the process regarding stocks in transit managed (Shanghai has a very large amount of stock in transit), how is cut off managed of these stocks?
7.Is there an authorization process for credit notes in place?
8.How is the process of collecting the outstanding trade receivables?