Customer billing is a critical process which auditors must understand. What are the most important aspects of billing and what are the related objectives?

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Customer billing is a critical process which auditors must understand. What are the most important aspects of billing and what are the related objectives? 


Answer:
The most important aspects of billing are:
• To make sure that all shipments made have been billed (completeness),
• That no shipment has been billed more than once (occurrence), and
• That each shipment is billed for the proper amount (accuracy).

Comments

  1. SunTec Business Solutions12 October 2021 at 03:38

    cloud agnostic platform
    Xelerate platform and products enable organizations to create and bundle products, services and offers for any customer segment, adopt relationship-based pricing strategies, and optimize billing processes.

    ReplyDelete

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