Contributed September 4, 2002 by SKohl@hagemeyerna.

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Audit Matrix Program – Revenue

Test Area: Management Reporting

Risk Level Status

L = Low E=Enterprise D = Done
M = Medium S=Site N = Not Applicable
H = High B=Business Unit S = Scoped Out
Risk: H

Control Objectives: Reports used by management to ensure proper recording and accountability of key revenue activities.

Test Test / Control Procedures Background Information Control Conclusion W/P

Level (Procedures in Place, Reports Used, (Control Met or Status/Ref
and Control Owners) Action Plans and Due
Date)
B A.) Management Information Availability
1. Review and document reports used by
management to ensure proper recording
and accountability of key revenue
activities. Include A/R reconciliation,
A/R aging, gross margin trends, DSO, etc.
2. Document procedures and controls in
place for review and accuracy of
management reporting. Include
timeliness and issue resolution.
 Contributed September 4, 2002 by SKohl@hagemeyerna.com

Test Test / Control Procedures Background Information Control Conclusion W/P

Level (Procedures in Place, Reports Used, (Control Met or Status/Ref
and Control Owners) Action Plans and Due
Date)
3. Review the company’s goals and
objectives as it relates to revenue cycle
management and determine if the
company is in line with their goals and
objectives for the year. If not, ensure that
a development plan is being put into place
ASAP.
B B.) Reserve Analysis
1. Review and document procedures used by
management for analyzing the provision
for bad debt.
2. Review and document monthly KPI’s
used by management, i.e. write off trends,
bad debt analysis, etc.
B C.) Other Procedures
1. Review and document other procedures,
processes and controls related to the
management reporting process.
B D.) Best Practices/Process Improvements
1. Document best practices/process
improvements, i.e. process efficiencies
shared and/or identified related to the
management reporting process.
Contributed September 4, 2002 by SKohl@hagemeyerna.com
Contributed September 4, 2002 by SKohl@hagemeyerna.com