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What if these are done irreguarly what effect could they have?
Why do purchase invoice have to be grid stamped, and if they are grid stamped without the employee responsible for checking the purcahse invoice, what implication can this have?
If supplier reconciliations are not done regularly there is much less assurance that payables and purchases have been correctly states.
A grid stamp is just a way of providing space for control activities to be evidenced, such as: approving invoice, agreeing to order/GRN, entering nominal account code, posting invoice to payables ledger. The grid is just a set of empty boxes that are gradually filled in and completed.
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