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Purchase system: control procedures (ordering stage)

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › Purchase system: control procedures (ordering stage)

  • This topic has 0 replies, 1 voice, and was last updated 8 months ago by 2004@2004.
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  • August 20, 2024 at 6:06 pm #710079
    2004@2004
    Participant
    • Topics: 17
    • Replies: 20
    • ☆

    Good evening, Sir.

    Sir, could you please tell me whether the listed control procedures below are suitable for achieving the control objectives in the purchase system of internal controls at ordering stage:

    Ordering stage (placing an order)

    Control objectives
    1.The orders have been placed
    with a supplier who could provide
    quality goods, can be relied upon,
    and has fair pricing.

    Control procedures
    1. Orders should be placed with a supplier from the approved supplier list.

    In addition, can a different control procedure satisfy the same control objective? May I have a guidance on that?

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