Please enable JavaScript.
Coggle requires JavaScript to display documents.
Integrated Measurement Systems Inc (Discuss weaknesses in Internal…
Integrated Measurement Systems Inc
Discuss Existing Internal Controls in the Purchasing Process
Authorization of PO
Vendor pre-qualification listing
Bidding Process
Receiving Process
Document Matching
Develop Procedures to test Existing Internal Controls in the Purchasing Process
Discuss weaknesses in Internal Controls in the purchasing process and provides a recommendation
PO Authorizing Signatures are not confirmed
Numbering of POs
Vendor Selection Process
Delivery of the PO
Access to the Warehouse
Packing Slip is not matched to PO by receiver
Discrepancy between packing slip and PO is resolved by the buyer
Discuss structure and responsibilities of the internal audit group
Reporting Structure and independence
Competence
Responsibilities