internal audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2011
what is p to p approach i.e. procurement to payment approach in internal audit?
17 January 2011
1.Approved Purchase request
2.Obtained quotations
3.Procedure for selecting the Vendor
4.Checking the Price & quality
5.Company purchase policy
6.Issued Purchase order & acceptance for the same
7. Details verification of P.O terms & conditions
8.Receiving the goods with proper invoice & D.C
9.proper GRN & stores & stock entry
10.commercial verification like rate, quantity & quality certified by the purchase requester
11.Proper bill passing advice & payment for the same
12. approval for Bill & payment
13. payment to party
2.Obtained quotations
3.Procedure for selecting the Vendor
4.Checking the Price & quality
5.Company purchase policy
6.Issued Purchase order & acceptance for the same
7. Details verification of P.O terms & conditions
8.Receiving the goods with proper invoice & D.C
9.proper GRN & stores & stock entry
10.commercial verification like rate, quantity & quality certified by the purchase requester
11.Proper bill passing advice & payment for the same
12. approval for Bill & payment
13. payment to party
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Relief u/s Section 89
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Taxation on LTCG for property sold after 24JUL2024
- E way bill for tractors
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
