The Control Evaluation & Flowchart Project
Objective: To describe, flowchart and evaluate a company's sales and acquisition systems for controls. The final report should consist of an evaluation of the company's present information system with recommendations for improvement. You are flowcharting the sales and acquisition cycles using Visio.
Obtaining a Company:
The company you use should have its central processing unit (CPU) on site instead of connecting to it over phone lines. The company should have at least two of the following applications on its computer system: Accounts Payable, Accounts Receivable, Payroll, Inventory, or General Ledger. Use the term internal control evaluation instead of audit in referring to your project.
Sources: one of the churches near to you.
Grading Criteria for Control Memo:
1) Organization
2) Recommendations for control improvement.
3) Comprehensiveness in covering major points.
4) Writing style (clarity, meeting of objectives, etc.).
5) Creativity.
6) Questions Asked (Include Questionnaires as an Appendix)
The internal control memo should be no more than 7 double spaced typed pages. The control questionnaires, flowcharts and other documentation should serve as an appendix to the memo and doesn’t count toward the page totals.
Other tips:
You are creating your own control questionnaires for the sales & acquisition cycles.