Académique Documents
Professionnel Documents
Culture Documents
5) Requiring two signatures on checks for large amounts. Purpose Prevent large disbursements for questionable reasons. ERP System - Still
need two signatures.
6) Requiring that a copy of the receiving report be routed through the
inventory stores department prior to going to accounts payable. PurposeVerifies that items received were placed in inventory and were not stolen.
ERP System - Receiving clerks enter that goods were transferred to
inventory. Inventory clerks acknowledge receipt of goods via terminals.
System configured so that voucher package requires that the receiving
report include the acknowledgement of receipt by inventory control.
7) Requiring a regular reconciliation of the bank account by someone
other than the person responsible for writing checks. Purpose - Detect
unauthorized disbursements. ERP System - Still required.
8) Maintaining an approved supplier list and checking that all purchase
orders are issued only to suppliers on that list. Purpose- Ensure the
purchase of quality goods and prevent violations of laws or company
policies. ERP System - Validity check of supplier number on all purchase
orders. Restrict access to the supplier master file Verify all changes to the
supplier master file Restrictions on who can make changes to the supplier
master file.