Professional Documents
Culture Documents
Auditing Application
Controls
T u e s d a y, S e p t e m b e r 3 0 , 2 0 1 4
Separation of Duties
Cost to Operate
Manual
Automated
Retail
Reconciliation
transactional Transaction All items
Yes report
data captured at Database reconcile?
point of sale
No
$ Research and
Deposit Application
resolve
information performs
reconciling
from bank reconciliation
items
Bank
The system
User edits the
Vendor records that the
vendor master
Master file Vendor Master
file
was edited
System reports
System Log
System log all edits to the
(edit) Report
file Vendor Master
file
Calculation of Invoice
Amount Owed
Joe B. Peacock
Director, Risk Advisory Services
Experis
(602) 707-5428
Joe.Peacock@Experis.com