Purchases system controls
Purchases system controls govern ordering, receiving, recording and paying for goods and services. The auditor considers control objectives and risks, including authorisation, completeness, accuracy and segregation of duties.
Worked example
A purchase order, goods receipt and supplier invoice are matched before payment is approved.
Common mistake
Testing recorded invoices alone may not identify goods received but omitted from payables.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |