purchase procedure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2010
in many cases the company receives the goods from vendor and then the company places the purchase order for the goods received.
(the reason being it is not possible to place the order first because of some technicle knowledge required,)
the company's purchase policy is silent on this matter, as an internal auditor i want to put this matter in audit report.
(the reason being it is not possible to place the order first because of some technicle knowledge required,)
the company's purchase policy is silent on this matter, as an internal auditor i want to put this matter in audit report.
11 December 2010
Seems to be the general practice of the Company. You can simply put it under Auditor's Observations.
'During the course of audit, it has been observed that the Company is receiving and confirming goods before the placement of actual purchase orders. The management explained it to be the general business practice on account of technical nature of goods so procured'.
'During the course of audit, it has been observed that the Company is receiving and confirming goods before the placement of actual purchase orders. The management explained it to be the general business practice on account of technical nature of goods so procured'.
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