Accounts Receivable Self-Assessment
- Is there segregation between accounts receivable and cash handling duties?
- Do you maintain aged accounts? Are they reviewed periodically?
- Do you have procedures in place to ensure that all invoices (services rendered) are appropriately charged to customer accounts and that all payments made against accounts are appropriately received and deposited?
- Do adequate procedures exist for follow-up and collection of delinquent accounts?
- Are account adjustments properly authorized and approved?
