• Kick off internal controller mission for PFV with warehouse management on 5th of March. Fieldwork is 5th -25th March
Results: in general, the results are no internal controls in many areas of warehouse such as no document reference, no data of stock transaction in out and transfer to accounting department, no printout for approval and cross check and others. Procedures are very poor; explain very short, no supporting document. The final report will be issued in mid of April.
Apart the above results, IC also recommended job rotation and a specific officer to maintain procedure and work instruction (required English speaking and writing).
Next, IC has the following plan to improve internal controls in PFV warehouse:
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21st -30th April Learn MOVEX of warehouse at MHC in order to transfer knowledge to PFV warehouse and modify the procedure.
5th -16th May
(10 days) Visit PFV again to develop more on warehouse.
The audit from the 1st trip reach only 30% of the process (20 days) due to the trial and error at the beginning.