Audit Framework

GKN Purchasing Standard Audit

Periodic monitoring to ensure internal controls are embedded and sustained within
Control Objective GKN Purchasing Standard Usage
the Reporting Unit.

If Purchasing standard is properly follow or used through the purchasing system tools as to ensure internal controls
Guidance / Risk Addressed are embedded and sustained within the Reporting Unit which includes general preventative and detective controls.

Standard # Standard Description

Control Check Activity 3350 DM Select and nominate supplier

Person audited for This Control Objective)

Job Position

The test requires for example :-

I) Obtaining and reviewing the policy and performing discussion with Purchasing personnel on standards. Discussion
should also include process, potential reasons and situations the usage of the standards.

II) Obtaining the list of sample material for period allowing proper analysis of the process (at least last 3 months) and
by data analysis:
Prescribed Test(s) - Checking weather material sourced or process is used or followed properly by purchasing personnel

III) i.e By interview and data analysis checking whether there are instances of purchases from vendors/brokers which
are not regular suppliers to the site. In case of such, review is required of the available evidence of vendor selection,
taking into account list of brokers approved by Corporate.

Frequency of this test performed

Sample Size (per sample size guideline / prescribed

audit test)

Additional Samples Selected (based on testing

exceptions) - If Needed

Base Data For Sample Selection Provided By Who

Date Range / Period(s) of Base Data Used For Sample

1
Audit Framework
Sample Table (please add / delete rows as necessary, based on the frequency)
Sample Attribute Testing Performed Compliant?
# Comments / Corrective Actions
material (Y/N)
1
2
3
4
5
6
7
8
9
10

Overall of the findings

Major Findings
Examples of Minor / Major Deficiencies / Other
Documentation (attach samples of deficiencies or other
documents as deemed appropriate) - If Applicable