Inventory quantities not valid
Not applicable as the company will not take any responsibility on the stock of goods POS
Inventory price not valid
Price in the masterfile is correct
1 Agreed the percentage of gross margin to the invoices for goods received
(Compare the percentage of gross margin and selling price in invoices with the sales/cost sheet)
Payables understated or not recorded in correct period ตั้งหนี้ถูกมั้ย
Record invoice in payables subsystem
Compare details of amounts entered to source documents
2 Examine evidence that the recorded details was compared to the source documents
Record payment in payables subsystem
Indication of processing marked on source documents
3 Examine document and verify that the document has been marked as processes
(The Company stamps "Paid" on the documents)
Compare details of amounts entered to source documents
4 Examine evidence that the recorded details was compared to the source documents
5 Reconcile documents had been prepared, rechecked and approved already (signed).