Ais - Internal Control Analysis

In: Business and Management

Submitted By eceakaydin
Words 895
Pages 4
Student Company
Internal Control Analysis

|Process |Control Owner |Frequency |Documentation and execution |Control Review Process |

1. CASH DISBURSEMENTS

|Approval of Vendor Invoices|A/P Clerk |Weekly |A/P Clerk collects vendor invoices, records |A scanned copy of the approved vendor |
| |Purchasing Manager | |vendor invoices in the system, and gets vendor |invoices are kept in the system. Large |
| | | |invoices approved by the Purchasing Manager |invoices are periodically reviewed, other |
| | | | |invoices can be retrieved on an as needed |
| | | | |basis. |
|Printing Checks, Preparing |A/P Clerk |Weekly |A/P clerk prepares cash disbursement vouchers, |Treasurer reviews the cash disbursement |
|Cash Disbursement Vouchers | | |which includes a copy of each approved invoice.|vouchers, and weekly check run prepared by|
| | | |A/P Clerk prints the weekly check run which |the A/P clerk. |
| | | |includes the summary of the checks to be issued| |
| | | |that week. A/P clerk prints the checks for |…...

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