Preventing Kickbacks to Those with the Power to Purchase
Project Risk Coach
JULY 17, 2017
If an auditor reviews the transaction, he sees an approved purchase order, a properly signed check, and a proper posting to the general ledger. First, the auditor should review the bid documents and ask questions such as: Were multiple bids received? Auditors can see the check to the CFO which is not supported by an invoice.
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