|
Audit minded Consulting
Accounts payable
Essentials: The more "Yes" the more effective is management of accounts payable:
- There is an department global sourcing.
- Sources are validated systematically.
- Database of sources is subject to analysises for concentration.
- Permanent supplier have to undergo the same procedure as new one´s.
- Dependence from one single source is negliglible.
- Products and services are distinguished according ABC-Analysis and treated differently.
- ...
Consulting issues: An effective Internal Control System for accounts payable requires the following as a minimum:
- Number of accounts payable are pre-defined and groupable.
- Recognizing of the number is centralized.
- Double payments are controlled separately.
- Discounts and bonusses are deducted or required regularly.
- Tendering of demands of different merchandise is done yearly.
- ...
|
