Procure to Pay : Receipt of Goods & Services
We looked at the checkpoints for requisitioning & ordering earlier, click here to learn about it. We will now look at the receipt of the […]
Internal Audit
Testing IT Controls – Procure to Pay
It is necessary to constantly check for key controls and security while having an ERP system that supports critical functions of the business, such as […]
Testing IT Controls – Order to Cash Process
What is an IT Audit? It is an audit performed on the organization’s information technology, infrastructure, information systems, policies & the operations related to it. […]
Procure to Pay: Requisitioning & Ordering Internal Audit Checklist
We looked at the checkpoints for vendor selection earlier, click here to learn about it. Now we will look at the checkpoints for Internal Audit […]
Employee Reimbursement Audit – Checklist & Pointers
Employee reimbursement is one of the most common frauds noted in large organizations where the need for the business personnel to travel is high or […]
Fraud Story #4 Needs Recognition
Amar, a packing material inventory handling personnel of a multi-national company is responsible for preparing/editing the designs for the packing material and getting it approved […]
Procure to Pay : Vendor Selection Process – Audit Checklist
Vendor Selection is one of the most critical processes in the Procure to pay function. Quite often the vendors selected may not be able to […]
Fraud Story #3 Certain things are beyond your understanding !
John, a classy & fearful plant manager at most times dons the people around with his sharp & manly voice tone sometimes even dominated the […]
Fraud Story #2 – I WAS NOT AWARE OF THIS !
Two buddies Akbar (Head – Logistics) & Antony (Head of Production) go way back in their friendship are now working in the same company. Among […]
Inventory Management – Process Basics
Inventory management is one of the most critical functions for a company because its turnover is what creates revenue for the company. Inventory involves receipt […]