Interne controle doelstelling Interne beheersingsmaatregelen

EX1015 Purchase orders are placed only for approved requisitions.

EX112 Management must approve all purchase orders, with higher level management authority required for unusual purchases (such as capital outlays or standing orders) and all purchases that exceed established limits. Board approval is required for specified types of purchases and this approval is appropriately documented.

EX1015 Purchase orders are placed only for approved requisitions.

EX121 Purchase orders are reviewed and approved by management prior to mailing to the supplier.

EX1015 Purchase orders are placed only for approved requisitions.

EX125# Management reviews reports detailing overrides of established purchase order prices, terms, and conditions and approves these overrides.

EX1015 Purchase orders are placed only for approved requisitions.

EX212# A purchase requisition authorization list is maintained, specifying the amounts up to which individuals are authorized to approve purchase requisitions.

EX1015 Purchase orders are placed only for approved requisitions.

EX250# Access to unissued purchase requisitions and purchase orders is restricted to authorized individuals.

EX1015 Purchase orders are placed only for approved requisitions.

EX258# Criteria for supplier selection are defined and communicated by management to ensure that goods and services are obtained only from properly authorized suppliers.

EX1015 Purchase orders are placed only for approved requisitions.

EX259# Criteria for making purchases are defined and communicated by management to ensure that goods and services purchased are appropriately authorized.

EX1015 Purchase orders are placed only for approved requisitions.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

EX1025 Purchase orders are entered accurately.

EX213 Purchase order entry data is compared to source documents by individuals who are independent of the purchase order entry process.

EX1025 Purchase orders are entered accurately.

EX128# Purchase orders are batched and batch input is balanced; out-of-balance batches are corrected promptly.

EX1025 Purchase orders are entered accurately.

EX214# Management monitors statistics on deliveries of goods that are rejected due to missing or non-matching purchase orders. Management should identify the reason for the rejection and process adjustments where necessary.

EX1025 Purchase orders are entered accurately.

EX136# Purchase order data is edited and validated; identified errors are corrected promptly.

EX1035 All purchase orders issued are input and processed.

EX115 Purchase orders are sequentially prenumbered. The sequence of purchase orders processed is accounted for.

EX1035 All purchase orders issued are input and processed.

EX128# Purchase orders are batched and batch input is balanced; out-of-balance batches are corrected promptly.

EX1035 All purchase orders issued are input and processed.

EX214# Management monitors statistics on deliveries of goods that are rejected due to missing or non-matching purchase orders. Management should identify the reason for the rejection and process adjustments where necessary.

EX1035 All purchase orders issued are input and processed.

EX216 Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

EX2005 Amounts posted to accounts payable represent goods received.

EX107# Actual expenditures are compared to budget regularly; management reviews and approves significant variances.

EX2005 Amounts posted to accounts payable represent goods received.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX2005 Amounts posted to accounts payable represent goods received.

EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.

EX2005 Amounts posted to accounts payable represent goods received.

EX146 Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.

EX2005 Amounts posted to accounts payable represent goods received.

EX104# Expenditures and related accounts in the general ledger are reconciled to the supporting detail (such as depreciation expenditures to the property system and salaries expenditures to payroll records) and differences are resolved in a timely manner. Management, independent employees, or internal auditors perform direct tests (other than via analytical review) of the recording and reconciliation of these expenditures and related accounts.

EX2010 Amounts posted to accounts payable represent services received.

EX107# Actual expenditures are compared to budget regularly; management reviews and approves significant variances.

EX2010 Amounts posted to accounts payable represent services received.

EX261 Invoices for services received are authorized and accompanied by appropriate supporting documentation.

EX2010 Amounts posted to accounts payable represent services received.

EX104# Expenditures and related accounts in the general ledger are reconciled to the supporting detail (such as depreciation expenditures to the property system and salaries expenditures to payroll records) and differences are resolved in a timely manner. Management, independent employees, or internal auditors perform direct tests (other than via analytical review) of the recording and reconciliation of these expenditures and related accounts.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX107# Actual expenditures are compared to budget regularly; management reviews and approves significant variances.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX156# Data transferred from the purchase order entry subsystem to the receiving and/or accounts payable system is reconciled between systems; all errors identified are corrected promptly.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX135# Invoices, credit notes, and other adjustments related to accounts payable are edited and validated; identified errors are corrected promptly.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

EX2015 Accounts payable amounts are accurately calculated and recorded.

EX104# Expenditures and related accounts in the general ledger are reconciled to the supporting detail (such as depreciation expenditures to the property system and salaries expenditures to payroll records) and differences are resolved in a timely manner. Management, independent employees, or internal auditors perform direct tests (other than via analytical review) of the recording and reconciliation of these expenditures and related accounts.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX107# Actual expenditures are compared to budget regularly; management reviews and approves significant variances.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX138# Invoices, credit notes, and other adjustments related to accounts payable are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX156# Data transferred from the purchase order entry subsystem to the receiving and/or accounts payable system is reconciled between systems; all errors identified are corrected promptly.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX2020 All amounts for goods received are input and processed to accounts payable.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

EX2025 All amounts for services received are input and processed to accounts payable.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2025 All amounts for services received are input and processed to accounts payable.

EX107# Actual expenditures are compared to budget regularly; management reviews and approves significant variances.

EX2025 All amounts for services received are input and processed to accounts payable.

EX138# Invoices, credit notes, and other adjustments related to accounts payable are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX2025 All amounts for services received are input and processed to accounts payable.

EX156# Data transferred from the purchase order entry subsystem to the receiving and/or accounts payable system is reconciled between systems; all errors identified are corrected promptly.

EX2025 All amounts for services received are input and processed to accounts payable.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

EX2030 Amounts for goods or services received are recorded in the appropriate period.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2030 Amounts for goods or services received are recorded in the appropriate period.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX2030 Amounts for goods or services received are recorded in the appropriate period.

EX177 Supplier invoices and credit notes received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

EX2030 Amounts for goods or services received are recorded in the appropriate period.

EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

EX2030 Amounts for goods or services received are recorded in the appropriate period.

RE900# Bank statements are reconciled to the general ledger regularly.

EX2030 Amounts for goods or services received are recorded in the appropriate period.

EX169# A listing of outstanding purchase orders for which ownership of goods is transferred prior to delivery is prepared for accrual purposes; management reviews this listing.

EX2030 Amounts for goods or services received are recorded in the appropriate period.

EX104# Expenditures and related accounts in the general ledger are reconciled to the supporting detail (such as depreciation expenditures to the property system and salaries expenditures to payroll records) and differences are resolved in a timely manner. Management, independent employees, or internal auditors perform direct tests (other than via analytical review) of the recording and reconciliation of these expenditures and related accounts.

EX2035 Accounts payable are only adjusted for valid reasons.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2035 Accounts payable are only adjusted for valid reasons.

EX217 Management reviews and approves credit notes and adjustments prior to posting to accounts payable.

EX2035 Accounts payable are only adjusted for valid reasons.

EX227 Electronic queues are used by management to approve credit notes and adjustments; access to the queues is restricted by logical security.

EX2035 Accounts payable are only adjusted for valid reasons.

EX251 Management reviews all recorded nonsystematic debits to accounts payable (e.g., originating from sources other than a disbursements journal).

EX2035 Accounts payable are only adjusted for valid reasons.

EX218# The purchases and accounts payable system prevents users from making adjustments to supplier accounts in excess of approved limits or original order amounts.

EX2040 Credit notes and other adjustments are accurately calculated and recorded.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2040 Credit notes and other adjustments are accurately calculated and recorded.

EX138# Invoices, credit notes, and other adjustments related to accounts payable are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX2040 Credit notes and other adjustments are accurately calculated and recorded.

EX135# Invoices, credit notes, and other adjustments related to accounts payable are edited and validated; identified errors are corrected promptly.

EX2040 Credit notes and other adjustments are accurately calculated and recorded.

EX218# The purchases and accounts payable system prevents users from making adjustments to supplier accounts in excess of approved limits or original order amounts.

EX2045 All valid credit notes and other adjustments related to accounts payable are input and processed.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2045 All valid credit notes and other adjustments related to accounts payable are input and processed.

EX138# Invoices, credit notes, and other adjustments related to accounts payable are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX2045 All valid credit notes and other adjustments related to accounts payable are input and processed.

EX172# Goods returned notes are matched to credit notes; differences are investigated promptly.

EX2045 All valid credit notes and other adjustments related to accounts payable are input and processed.

EX173# Goods returned notes are sequentially prenumbered. The sequence of goods returned notes is accounted for and long outstanding unmatched goods returned notes are reviewed and investigated.

EX2045 All valid credit notes and other adjustments related to accounts payable are input and processed.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

EX2050 Credit notes and other adjustments are recorded in the appropriate period.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX2050 Credit notes and other adjustments are recorded in the appropriate period.

EX177 Supplier invoices and credit notes received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

EX2050 Credit notes and other adjustments are recorded in the appropriate period.

EX179 Goods returned at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

EX2050 Credit notes and other adjustments are recorded in the appropriate period.

EX169# A listing of outstanding purchase orders for which ownership of goods is transferred prior to delivery is prepared for accrual purposes; management reviews this listing.

EX2055 Assets and liabilities reflect the existing business circumstances and economic conditions in accordance with the accounting policies being used.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

EX2060 Financial information is not presented in a misleading way, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

EX3005 Disbursements are only made for goods and services received.

EX107# Actual expenditures are compared to budget regularly; management reviews and approves significant variances.

EX3005 Disbursements are only made for goods and services received.

EX130 Management reviews supporting documentation before approving payments. Supporting documentation is canceled once payment is made.

EX3005 Disbursements are only made for goods and services received.

EX189 Management reviews a listing of supplier payments prior to release.

EX3005 Disbursements are only made for goods and services received.

EX254# Management periodically reviews returned paid checks for unauthorized signatures, alterations, and/or endorsements.

EX3005 Disbursements are only made for goods and services received.

EX209# Individuals who make electronic funds transfers are authorized to do so by management.

EX3015 Disbursements are distributed to the appropriate suppliers.

EX252 Checks are restrictively endorsed by the preparer to ensure that they are paid to the specified payee.

EX3015 Disbursements are distributed to the appropriate suppliers.

EX130# Management reviews supporting documentation before approving payments. Supporting documentation is canceled once payment is made.

EX3015 Disbursements are distributed to the appropriate suppliers.

EX189# Management reviews a listing of supplier payments prior to release.

EX3030 All disbursements are recorded.

EX3030 All disbursements are recorded.

EX3030 All disbursements are recorded.

EX3030 All disbursements are recorded.

EX3015 Disbursements are distributed to the appropriate suppliers.

EX254# Management periodically reviews returned paid checks for unauthorized signatures, alterations, and/or endorsements.

EX3020 Disbursements are accurately calculated and recorded.

EX145 Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

EX3020 Disbursements are accurately calculated and recorded.

EX107# Actual expenditures are compared to budget regularly; management reviews and approves significant variances.

EX3020 Disbursements are accurately calculated and recorded.

EX130 Management reviews supporting documentation before approving payments. Supporting documentation is canceled once payment is made.

EX3020 Disbursements are accurately calculated and recorded.

RE900# Bank statements are reconciled to the general ledger regularly.

EX3020 Disbursements are accurately calculated and recorded.

EX138# Invoices, credit notes, and other adjustments related to accounts payable are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX3020 Disbursements are accurately calculated and recorded.

EX256# Payment batch input data is balanced; identified errors are corrected promptly.

EX3020 Disbursements are accurately calculated and recorded.

EX262# Disbursement input data is edited and validated; identified errors are corrected promptly.

EX145# Statements received from suppliers are reconciled to the supplier accounts in the accounts payable subledger regularly and differences are investigated.

RE900 Bank statements are reconciled to the general ledger regularly.

EX166# Management reviews an aged accounts payable analysis and investigates any unusual items.

EX207 Checks are sequentially prenumbered; the sequence of checks processed is accounted for. Spoiled checks are voided to prevent reuse and filed for subsequent inspection.

EX3040 Disbursements are recorded in the period in which they are issued.

RE900 Bank statements are reconciled to the general ledger regularly.

EX3040 Disbursements are recorded in the period in which they are issued.

EX143 Disbursements at, before, or after the end of an accounting period are scrutinized to ensure complete and consistent recording in the appropriate accounting period.

EX4005 Only valid changes are made to the supplier master file.

EX222# Supplier master file data is periodically reviewed by management for accuracy and ongoing pertinence.

EX4005 Only valid changes are made to the supplier master file.

EX185 Recorded changes to the supplier master file are compared to authorized source documents to ensure that they were input accurately.

EX4005 Only valid changes are made to the supplier master file.

EX219# Significant changes to the supplier master file are approved by management.

EX4010 All valid changes to the supplier master file are input and processed.

EX222# Supplier master file data is periodically reviewed by management for accuracy and ongoing pertinence.

EX4010 All valid changes to the supplier master file are input and processed.

EX221 Requests to change the supplier master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

EX4010 All valid changes to the supplier master file are input and processed.

EX223 Requests to change the supplier master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

EX4015 Changes to the supplier master file are accurate.

EX222# Supplier master file data is periodically reviewed by management for accuracy and ongoing pertinence.

EX4015 Changes to the supplier master file are accurate.

EX185 Recorded changes to the supplier master file are compared to authorized source documents to ensure that they were input accurately.

EX4015 Changes to the supplier master file are accurate.

EX226# Supplier master file data is edited and validated; identified errors are corrected promptly.

EX4020 Changes to the supplier master file are processed timely.

EX222# Supplier master file data is periodically reviewed by management for accuracy and ongoing pertinence.

EX4020 Changes to the supplier master file are processed timely.

EX221 Requests to change supplier master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

EX4020 Changes to the supplier master file are processed timely.

EX223 Requests to change supplier master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

EX4025 Supplier master file data remains pertinent.

EX222# Supplier master file data is periodically reviewed by management for accuracy and ongoing pertinence.

EX4025 Supplier master file data remains pertinent.

EX184# Suppliers that have not been used for a significant period of time are reviewed and marked for deletion by the application, if appropriate.

Pivot Expenditure

Interne controle doelstellingEX1015 Purchase orders are placed only for approved requisitions.EX1025 Purchase orders are entered accurately.EX1035 All purchase orders issued are input and processed.EX2005 Amounts posted to accounts payable represent goods received.EX2010 Amounts posted to accounts payable represent services received.EX2015 Accounts payable amounts are accurately calculated and recorded.EX2020 All amounts for goods received are input and processed to accounts payable.EX2025 All amounts for services received are input and processed to accounts payable.EX2030 Amounts for goods or services received are recorded in the appropriate period.EX2035 Accounts payable are only adjusted for valid reasons.EX2040 Credit notes and other adjustments are accurately calculated and recorded.EX2045 All valid credit notes and other adjustments related to accounts payable are input and processed.EX2050 Credit notes and other adjustments are recorded in the appropriate period.EX2055 Assets and liabilities reflect the existing business circumstances and economic conditions in accordance with the accounting policies being used.EX2060 Financial information is not presented in a misleading way, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.EX3005 Disbursements are only made for goods and services received.EX3015 Disbursements are distributed to the appropriate suppliers.EX3020 Disbursements are accurately calculated and recorded.EX3030 All disbursements are recorded.EX3040 Disbursements are recorded in the period in which they are issued.EX4005 Only valid changes are made to the supplier master file.EX4010 All valid changes to the supplier master file are input and processed.EX4015 Changes to the supplier master file are accurate.EX4020 Changes to the supplier master file are processed timely.EX4025 Supplier master file data remains pertinent.Total Result

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Interne controle doelstelling Interne beheersingsmaatregelen

IM0005 Inventory is salable or usable.

IM0005 Inventory is salable or usable.

IM0005 Inventory is salable or usable.

IM0005 Inventory is salable or usable.

IM0005 Inventory is salable or usable.

IM0005 Inventory is salable or usable.

IM0005 Inventory is salable or usable.

IM0005 Inventory is salable or usable.

IM0010 Inventory is adequately safeguarded.

IM0010 Inventory is adequately safeguarded.

IM0010 Inventory is adequately safeguarded.

IM100 The salability of finished goods and usability of raw materials are assessed regularly including a review during physical inventory counts.

IM111# Inventory is stored in properly secured and environmentally conditioned warehouse locations where access is restricted to authorized personnel.

IM113# Rejected raw materials are adequately segregated from other raw materials and regularly monitored to ensure timely return to suppliers.

IM110# Inventory aging reports are prepared and analyzed regularly.

IM131# Management monitors the adequacy and appropriateness of inventory levels.

IM136# Rejected finished goods are adequately segregated from other finished goods and are monitored to ensure timely disposition.

IM144# System functionality monitors and maintains inventory levels in accordance with organization policies.

IM202# Obsolete, excess, and damaged inventories are adequately segregated from other finished goods inventories and are monitored to ensure appropriate and timely disposition.

IM111 Inventory is stored in properly secured and environmentally conditioned warehouse locations where access is restricted to authorized personnel.

IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).

EX150# Goods are delivered only to designated, physically secure locations within a warehouse or storage building and are accepted only by authorized personnel.

IM0015 Adjustments to inventory prices or quantities relate to valid price changes and physical inventory differences.

IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.

IM0015 Adjustments to inventory prices or quantities relate to valid price changes and physical inventory differences.

IM128 All inventory adjustments are compared to authorized source documents to ensure that they were accurately input.

IM0015 Adjustments to inventory prices or quantities relate to valid price changes and physical inventory differences.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM0015 Adjustments to inventory prices or quantities relate to valid price changes and physical inventory differences.

IM210# Inventory adjustment forms are sequentially pre-numbered; the sequence of such forms is accounted for.

IM0020 All adjustments to inventory prices or quantities are recorded.

IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.

IM0020 All adjustments to inventory prices or quantities are recorded.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM0020 All adjustments to inventory prices or quantities are recorded.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM0020 All adjustments to inventory prices or quantities are recorded.

IM210# Inventory adjustment forms are sequentially pre-numbered; the sequence of such forms is accounted for.

IM0025 Adjustments to inventory prices or quantities are recorded timely and in the appropriate period.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and the inventory records are reconciled to general ledger.

IM0025 Adjustments to inventory prices or quantities are recorded timely and in the appropriate period.

IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.

IM0025 Adjustments to inventory prices or quantities are recorded timely and in the appropriate period.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM0025 Adjustments to inventory prices or quantities are recorded timely and in the appropriate period.

IM125# If a nil pick or short pick occurs, or if the inventory system shows that a storage location is empty, an inventory count request is automatically generated and followed up.

IM0030 Adjustments to inventory prices or quantities are recorded accurately.

IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.

IM0030 Adjustments to inventory prices or quantities are recorded accurately.

IM128 All inventory adjustments are compared to authorized source documents to ensure that they were accurately input.

IM0030 Adjustments to inventory prices or quantities are recorded accurately.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM0030 Adjustments to inventory prices or quantities are recorded accurately.

IM126# Inventory adjustment data is edited and validated; identified errors are corrected promptly.

IM0045 Inventory reflects the existing business circumstances and economic conditions in accordance with the accounting policies being used.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

IM0050 Financial information is appropriately presented, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

IM1020 All raw materials received are recorded.

IM1020 All raw materials received are recorded.

IM1005 Raw materials are received and accepted only if they have valid purchase orders.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

IM1005 Raw materials are received and accepted only if they have valid purchase orders.

EX117 When goods received are matched to open purchase orders, receipts with no purchase order or that exceed the purchase order quantity by more than an established amount are rejected.

IM1015 Raw materials received are recorded accurately.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM1015 Raw materials received are recorded accurately.

IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

IM1015 Raw materials received are recorded accurately.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

IM1015 Raw materials received are recorded accurately.

EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.

IM1015 Raw materials received are recorded accurately.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM1015 Raw materials received are recorded accurately.

EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

IM1015 Raw materials received are recorded accurately.

EX118# Goods received input data is edited and validated; identified errors are corrected promptly.

IM1015 Raw materials received are recorded accurately.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

IM1020 All raw materials received are recorded.

IM1020 All raw materials received are recorded.

IM1020 All raw materials received are recorded.

IM1020 All raw materials received are recorded.

IM1020 All raw materials received are recorded.

IM1020 All raw materials received are recorded.

IM1020 All raw materials received are recorded.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.

EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.

IM139 Supplier statements are reconciled to goods receipt records regularly.

EX146 Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX177 Supplier invoices and credit notes received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX146# Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.

IM1030 Defective raw materials are returned timely to suppliers.

IM113 Rejected raw materials are adequately segregated from other raw materials and regularly monitored to ensure timely return to suppliers.

IM1030 Defective raw materials are returned timely to suppliers.

IM114 Defective raw materials received from suppliers are logged; the log is monitored to ensure that the defective goods are returned promptly and that credit is received timely.

IM2010 All transfers of raw materials to production are recorded accurately and in the appropriate period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM2010 All transfers of raw materials to production are recorded accurately and in the appropriate period.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM2010 All transfers of raw materials to production are recorded accurately and in the appropriate period.

IM116 Raw materials received by production are logged; the log is reconciled to raw material movement reports that are used to record movements of inventory in the financial records.

IM2010 All transfers of raw materials to production are recorded accurately and in the appropriate period.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM3005 All recorded production costs are consistent with actual direct and indirect expenses associated with production.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.

IM3005 All recorded production costs are consistent with actual direct and indirect expenses associated with production.

IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.

IM3005 All recorded production costs are consistent with actual direct and indirect expenses associated with production.

IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.

IM3005 All recorded production costs are consistent with actual direct and indirect expenses associated with production.

IM271# Production reports input data is edited and validated; identified errors are corrected promptly.

IM3010 All direct and indirect expenses associated with production are recorded as production costs.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.

IM3010 All direct and indirect expenses associated with production are recorded as production costs.

IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.

IM3010 All direct and indirect expenses associated with production are recorded as production costs.

IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.

IM3010 All direct and indirect expenses associated with production are recorded as production costs.

IM271# Production reports input data is edited and validated; identified errors are corrected promptly.

IM3020 All direct and indirect expenses associated with production are recorded accurately and in the appropriate period.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.

IM3020 All direct and indirect expenses associated with production are recorded accurately and in the appropriate period.

IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.

IM3020 All direct and indirect expenses associated with production are recorded accurately and in the appropriate period.

IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.

IM3020 All direct and indirect expenses associated with production are recorded accurately and in the appropriate period.

IM271# Production reports input data is edited and validated; identified errors are corrected promptly.

IM3045 All transfers of completed units of production to finished goods inventory are recorded completely and accurately in the appropriate period.

IM270 Finished goods sent to the warehouse are logged; the log is used to ensure that all finished goods are recorded in the inventory records.

IM3050 All defective products and scrap resulting from the production process are valid and recorded completely and accurately in the appropriate period.

IM269 Rejected work in progress is adequately segregated from other work in progress and is monitored to ensure it is scrapped or reworked on a timely basis.

IM3050 All defective products and scrap resulting from the production process are valid and recorded completely and accurately in the appropriate period.

IM268 Management, based on their knowledge of day-to-day activities, reviews records of scrapped and reworked items and checks whether such items have been correctly identified and properly recorded in the appropriate accounting period.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

EX118# Goods received input data is edited and validated; identified errors are corrected promptly.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.

IM5005 All shipments are recorded.

IM5005 All shipments are recorded.

IM5005 All shipments are recorded.

IM5005 All shipments are recorded.

IM5005 All shipments are recorded.

IM5005 All shipments are recorded.

IM5005 All shipments are recorded.

IM5005 All shipments are recorded.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

EX118# Goods received input data is edited and validated; identified errors are corrected promptly.

IM4015 Goods received from production or returned by customers are only accepted in accordance with the organization’s policies.

IM152 Quality control inspections are performed for finished goods returned by customers and/or received from production to assess whether such goods should be returned to inventory, reworked, or scrapped.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

RE826 Management reviews relevant sales, accounts receivable, costs of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM300 Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.

IM200 Delivery notes are sequentially numbered; the sequence of delivery notes processed is accounted for.

RE814 Orders are sequentially numbered. The sequence of orders processed is accounted for.

RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM5010 Shipments are recorded accurately.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody and recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM300# Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.

IM135# Bar code scanners are used to input actual inventory picking and storage locations and quantities; differences from picking and storage instructions are investigated.

RE516# Shipping transaction input data is edited and validated; identified errors are corrected promptly.

RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.

RE831# Shipment data and/or backorders are input in batches. Batches are balanced and out-of-balance batches are corrected timely.

IM5015 Shipments are recorded timely and in the appropriate period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM5015 Shipments are recorded timely and in the appropriate period.

IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including the raising and recording of the related invoice.

IM5015 Shipments are recorded timely and in the appropriate period.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM5015 Shipments are recorded timely and in the appropriate period.

IM300# Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.

IM5020 Inventory is relieved only when goods are shipped with approved customer orders.

RE101 Before goods are shipped, the details of the approved order are compared to actual goods prepared for shipment by an individual independent of the order picking process.

IM5020 Inventory is relieved only when goods are shipped with approved customer orders.

IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).

IM5020 Inventory is relieved only when goods are shipped with approved customer orders.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM5025 Costs of shipped inventory are transferred from inventory to cost of sales.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM5030 Costs of shipped inventory are recorded accurately.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM5035 Amounts posted to cost of sales represent those associated with shipped inventory.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM5040 Costs of shipped inventory are transferred from inventory to cost of sales timely and in the appropriate period.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM6005 Only valid changes are made to the inventory management master file.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.

IM6005 Only valid changes are made to the inventory management master file.

IM252 Recorded changes to inventory master file data are compared to authorized source documents to ensure that they were input accurately.

IM6005 Only valid changes are made to the inventory management master file.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM6005 Only valid changes are made to the inventory management master file.

IM253# Significant changes to the inventory master file are approved by management.

IM6010 All valid changes to the inventory management master file are input and processed.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.

IM6010 All valid changes to the inventory management master file are input and processed.

IM254 Requests to change inventory master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

IM6010 All valid changes to the inventory management master file are input and processed.

IM255 Requests to change inventory master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

IM6010 All valid changes to the inventory management master file are input and processed.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM6015 Changes to the inventory management master file are accurate.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.

IM6015 Changes to the inventory management master file are accurate.

IM252 Recorded changes to inventory master file data are compared to authorized source documents to ensure that they were input accurately.

IM6015 Changes to the inventory management master file are accurate.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM6015 Changes to the inventory management master file are accurate.

IM257# Inventory master file input data is edited and validated; identified errors are corrected promptly.

IM6020 Changes to the inventory management master file are processed timely.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.

IM6020 Changes to the inventory management master file are processed timely.

IM254 Requests to change inventory master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

IM6020 Changes to the inventory management master file are processed timely.

IM255 Requests to change inventory master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

IM6020 Changes to the inventory management master file are processed timely.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM6025 Inventory management master file remains pertinent.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.

IM6025 Inventory management master file remains pertinent.

IM100# The salability of finished goods and usability of raw materials are assessed regularly, including a review during physical inventory counts.

Pivot Inventory Management

Interne controle doelstellingIM0005 Inventory is salable or usable.

IM0010 Inventory is adequately safeguarded.

IM0015 Adjustments to inventory prices or quantities relate to valid price changes and physical inventory differences.

IM0020 All adjustments to inventory prices or quantities are recorded.

IM0025 Adjustments to inventory prices or quantities are recorded timely and in the appropriate period.

IM0030 Adjustments to inventory prices or quantities are recorded accurately.

IM0045 Inventory reflects the existing business circumstances and economic conditions in accordance with the accounting policies being used.

IM0050 Financial information is appropriately presented, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

IM1005 Raw materials are received and accepted only if they have valid purchase orders.

IM1015 Raw materials received are recorded accurately.

IM1020 All raw materials received are recorded.

IM1025 Receipts of raw materials are recorded timely and in the appropriate period.

IM1030 Defective raw materials are returned timely to suppliers.

IM2010 All transfers of raw materials to production are recorded accurately and in the appropriate period.

IM3005 All recorded production costs are consistent with actual direct and indirect expenses associated with production.

IM3010 All direct and indirect expenses associated with production are recorded as production costs.

IM3020 All direct and indirect expenses associated with production are recorded accurately and in the appropriate period.

IM3045 All transfers of completed units of production to finished goods inventory are recorded completely and accurately in the appropriate period.

IM3050 All defective products and scrap resulting from the production process are valid and recorded completely and accurately in the appropriate period.

IM4005 Finished goods returned by customers are recorded completely and accurately in the appropriate period.

IM4010 Finished goods received from production are recorded completely and accurately in the appropriate period.

IM4015 Goods received from production or returned by customers are only accepted in accordance with the organization’s policies.

IM5005 All shipments are recorded.

IM5010 Shipments are recorded accurately.

IM5015 Shipments are recorded timely and in the appropriate period.

IM5020 Inventory is relieved only when goods are shipped with approved customer orders.

IM5025 Costs of shipped inventory are transferred from inventory to cost of sales.

IM5030 Costs of shipped inventory are recorded accurately.

IM5035 Amounts posted to cost of sales represent those associated with shipped inventory.

IM5040 Costs of shipped inventory are transferred from inventory to cost of sales timely and in the appropriate period.

IM6005 Only valid changes are made to the inventory management master file.

IM6010 All valid changes to the inventory management master file are input and processed.

IM6015 Changes to the inventory management master file are accurate.

IM6020 Changes to the inventory management master file are processed timely.

IM6025 Inventory management master file remains pertinent.

Total Result

Interne be (empty)

IM100 The salability of finished goods and usability of raw materials are assessed regularly including a review during physical inventory counts.IM110# Inventory aging reports are prepared and analyzed regularly.IM111# Inventory is stored in properly secured and environmentally conditioned warehouse locations where access is restricted to authorized personnel.IM113# Rejected raw materials are adequately segregated from other raw materials and regularly monitored to ensure timely return to suppliers.IM131# Management monitors the adequacy and appropriateness of inventory levels.IM136# Rejected finished goods are adequately segregated from other finished goods and are monitored to ensure timely disposition.IM144# System functionality monitors and maintains inventory levels in accordance with organization policies.IM202# Obsolete, excess, and damaged inventories are adequately segregated from other finished goods inventories and are monitored to ensure appropriate and timely disposition.

EX150# Goods are delivered only to designated, physically secure locations within a warehouse or storage building and are accepted only by authorized personnel.IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).IM111 Inventory is stored in properly secured and environmentally conditioned warehouse locations where access is restricted to authorized personnel.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM128 All inventory adjustments are compared to authorized source documents to ensure that they were accurately input.IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.IM210# Inventory adjustment forms are sequentially pre-numbered; the sequence of such forms is accounted for.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM210# Inventory adjustment forms are sequentially pre-numbered; the sequence of such forms is accounted for.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and the inventory records are reconciled to general ledger.IM125# If a nil pick or short pick occurs, or if the inventory system shows that a storage location is empty, an inventory count request is automatically generated and followed up.IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM126# Inventory adjustment data is edited and validated; identified errors are corrected promptly.IM128 All inventory adjustments are compared to authorized source documents to ensure that they were accurately input.IM130 Management reviews and approves all recorded adjustments to inventory prices or quantities.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

EX117 When goods received are matched to open purchase orders, receipts with no purchase order or that exceed the purchase order quantity by more than an established amount are rejected.EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX118# Goods received input data is edited and validated; identified errors are corrected promptly.EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.EX146 Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM139 Supplier statements are reconciled to goods receipt records regularly.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.EX146# Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.EX177 Supplier invoices and credit notes received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

IM113 Rejected raw materials are adequately segregated from other raw materials and regularly monitored to ensure timely return to suppliers.IM114 Defective raw materials received from suppliers are logged; the log is monitored to ensure that the defective goods are returned promptly and that credit is received timely.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM116 Raw materials received by production are logged; the log is reconciled to raw material movement reports that are used to record movements of inventory in the financial records.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.IM271# Production reports input data is edited and validated; identified errors are corrected promptly.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.IM271# Production reports input data is edited and validated; identified errors are corrected promptly.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.

IM271# Production reports input data is edited and validated; identified errors are corrected promptly.

IM270 Finished goods sent to the warehouse are logged; the log is used to ensure that all finished goods are recorded in the inventory records.

IM268 Management, based on their knowledge of day-to-day activities, reviews records of scrapped and reworked items and checks whether such items have been correctly identified and properly recorded in the appropriate accounting period.IM269 Rejected work in progress is adequately segregated from other work in progress and is monitored to ensure it is scrapped or reworked on a timely basis.

EX118# Goods received input data is edited and validated; identified errors are corrected promptly.EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

EX118# Goods received input data is edited and validated; identified errors are corrected promptly.EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM152 Quality control inspections are performed for finished goods returned by customers and/or received from production to assess whether such goods should be returned to inventory, reworked, or scrapped.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM200 Delivery notes are sequentially numbered; the sequence of delivery notes processed is accounted for.IM300 Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.RE814 Orders are sequentially numbered. The sequence of orders processed is accounted for.RE826 Management reviews relevant sales, accounts receivable, costs of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody and recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM135# Bar code scanners are used to input actual inventory picking and storage locations and quantities; differences from picking and storage instructions are investigated.IM300# Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE516# Shipping transaction input data is edited and validated; identified errors are corrected promptly.RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.RE831# Shipment data and/or backorders are input in batches. Batches are balanced and out-of-balance batches are corrected timely.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including the raising and recording of the related invoice.

IM300# Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).RE101 Before goods are shipped, the details of the approved order are compared to actual goods prepared for shipment by an individual independent of the order picking process.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM252 Recorded changes to inventory master file data are compared to authorized source documents to ensure that they were input accurately.IM253# Significant changes to the inventory master file are approved by management.IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM254 Requests to change inventory master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.IM255 Requests to change inventory master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM252 Recorded changes to inventory master file data are compared to authorized source documents to ensure that they were input accurately.IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.IM257# Inventory master file input data is edited and validated; identified errors are corrected promptly.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM254 Requests to change inventory master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.IM255 Requests to change inventory master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM100# The salability of finished goods and usability of raw materials are assessed regularly, including a review during physical inventory counts.IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.

IM100 The salability of finished goods and usability of raw materials are assessed regularly including a review during physical inventory counts.

IM111# Inventory is stored in properly secured and environmentally conditioned warehouse locations where access is restricted to authorized personnel.IM113# Rejected raw materials are adequately segregated from other raw materials and regularly monitored to ensure timely return to suppliers.

IM136# Rejected finished goods are adequately segregated from other finished goods and are monitored to ensure timely disposition.IM144# System functionality monitors and maintains inventory levels in accordance with organization policies.IM202# Obsolete, excess, and damaged inventories are adequately segregated from other finished goods inventories and are monitored to ensure appropriate and timely disposition.

EX150# Goods are delivered only to designated, physically secure locations within a warehouse or storage building and are accepted only by authorized personnel.IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).IM111 Inventory is stored in properly secured and environmentally conditioned warehouse locations where access is restricted to authorized personnel.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM128 All inventory adjustments are compared to authorized source documents to ensure that they were accurately input.

IM210# Inventory adjustment forms are sequentially pre-numbered; the sequence of such forms is accounted for.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM210# Inventory adjustment forms are sequentially pre-numbered; the sequence of such forms is accounted for.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and the inventory records are reconciled to general ledger.IM125# If a nil pick or short pick occurs, or if the inventory system shows that a storage location is empty, an inventory count request is automatically generated and followed up.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM128 All inventory adjustments are compared to authorized source documents to ensure that they were accurately input.

IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

EX117 When goods received are matched to open purchase orders, receipts with no purchase order or that exceed the purchase order quantity by more than an established amount are rejected.EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.EX146 Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.

IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.EX146# Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-to-day activity.EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.EX177 Supplier invoices and credit notes received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.

IM113 Rejected raw materials are adequately segregated from other raw materials and regularly monitored to ensure timely return to suppliers.IM114 Defective raw materials received from suppliers are logged; the log is monitored to ensure that the defective goods are returned promptly and that credit is received timely.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM116 Raw materials received by production are logged; the log is reconciled to raw material movement reports that are used to record movements of inventory in the financial records.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are independently reconciled to appropriate supporting records.IM267 When actual costing is used, management reviews actual costs based on their knowledge of day-to-day activities.

IM270 Finished goods sent to the warehouse are logged; the log is used to ensure that all finished goods are recorded in the inventory records.

IM268 Management, based on their knowledge of day-to-day activities, reviews records of scrapped and reworked items and checks whether such items have been correctly identified and properly recorded in the appropriate accounting period.IM269 Rejected work in progress is adequately segregated from other work in progress and is monitored to ensure it is scrapped or reworked on a timely basis.

EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence of such vouchers is accounted for.EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are corrected promptly.EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate period.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM198 Goods received are logged; the log is reconciled to receipts input to the inventory management system that is used to record movements of inventory in the financial records.IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM152 Quality control inspections are performed for finished goods returned by customers and/or received from production to assess whether such goods should be returned to inventory, reworked, or scrapped.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM200 Delivery notes are sequentially numbered; the sequence of delivery notes processed is accounted for.IM300 Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.

RE826 Management reviews relevant sales, accounts receivable, costs of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody and recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM135# Bar code scanners are used to input actual inventory picking and storage locations and quantities; differences from picking and storage instructions are investigated.IM300# Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.RE831# Shipment data and/or backorders are input in batches. Batches are balanced and out-of-balance batches are corrected timely.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM132# Inventory quantities per the inventory management system are regularly reconciled to quantities per the nonintegrated warehouse system.IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including the raising and recording of the related invoice.

IM300# Sales order entry, shipping, and invoice processing are performed by an integrated application system. The general ledger is automatically updated for shipping and invoicing transactions.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving the premises are accompanied by duly completed documentation (e.g., delivery note or goods returned note).RE101 Before goods are shipped, the details of the approved order are compared to actual goods prepared for shipment by an individual independent of the order picking process.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM252 Recorded changes to inventory master file data are compared to authorized source documents to ensure that they were input accurately.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM254 Requests to change inventory master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.IM255 Requests to change inventory master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM252 Recorded changes to inventory master file data are compared to authorized source documents to ensure that they were input accurately.IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.IM254 Requests to change inventory master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.IM255 Requests to change inventory master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

IM100# The salability of finished goods and usability of raw materials are assessed regularly, including a review during physical inventory counts.IM250# Inventory master file data is periodically reviewed by management for accuracy and ongoing pertinence.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and the inventory records are reconciled to general ledger.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focussed level of substantive testing.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

EX141 Goods received are matched on-line or manually with purchase order details and/or invoices; long outstanding goods receipt notes, purchase orders, and/or invoices are investigated timely and accrued as appropriate; documents are canceled once matched or on payment of the invoice to prevent reuse.EX146# Invoices not matched to goods receipt notes (or other appropriate supporting documentation for services received) are investigated; payments on unmatched invoices require specific management approval.

EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functions are performed by an integrated application system. The general ledger is automatically updated for receipt and disbursement transactions.IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.

IM265 When standard costing is used, management approves the standard costs and reviews variances between actual and standard costs. Significant variances are investigated and adjustments to inventory and cost of sales are approved by management.

IM268 Management, based on their knowledge of day-to-day activities, reviews records of scrapped and reworked items and checks whether such items have been correctly identified and properly recorded in the appropriate accounting period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

RE826 Management reviews relevant sales, accounts receivable, costs of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody and recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including the raising and recording of the related invoice.

IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or recording of inventory. Inventory counts are reconciled to inventory records and inventory records are reconciled to the general ledger.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

IM209 Inventories received, including transfers, are counted and compared to receipt or transfer documentation that is used to record movements of inventory in the financial records by personnel in the area assuming responsibility for the inventory (e.g., production, finished goods storage) and are recorded in the appropriate period.

Interne controle doelstelling

PR1010 Additions to the payroll master files represent valid employees.

PR1010 Additions to the payroll master files represent valid employees.

PR1010 Additions to the payroll master files represent valid employees.

PR1010 Additions to the payroll master files represent valid employees.

PR1015 All new employees are added to the payroll master files.

PR1015 All new employees are added to the payroll master files.

PR1015 All new employees are added to the payroll master files.

PR1015 All new employees are added to the payroll master files.

PR1015 All new employees are added to the payroll master files.

PR1020 Terminated employees are removed from the payroll master files.

PR1020 Terminated employees are removed from the payroll master files.

PR1020 Terminated employees are removed from the payroll master files.

PR1020 Terminated employees are removed from the payroll master files.

PR1020 Terminated employees are removed from the payroll master files.

PR1025 Employees are only terminated within statutory and union requirements.

PR1025 Employees are only terminated within statutory and union requirements.

PR1030 Deletions from the payroll master files represent valid terminations.

PR2015 All time worked is input.

PR2015 All time worked is input.

PR2015 All time worked is input.

PR2025 Time worked is processed timely.

PR2025 Time worked is processed timely.

PR1030 Deletions from the payroll master files represent valid terminations.

PR1030 Deletions from the payroll master files represent valid terminations.

PR1030 Deletions from the payroll master files represent valid terminations.

PR2005 Time and attendance data recorded reflects actual time worked and is authorized.

PR2005 Time and attendance data recorded reflects actual time worked and is authorized.

PR2005 Time and attendance data recorded reflects actual time worked and is authorized.

PR2005 Time and attendance data recorded reflects actual time worked and is authorized.

PR2020 Time worked is accurately input and processed.

PR2020 Time worked is accurately input and processed.

PR2020 Time worked is accurately input and processed.

PR3010 Payroll is recorded in the appropriate period.

PR3010 Payroll is recorded in the appropriate period.

PR3010 Payroll is recorded in the appropriate period.

PR3020 Payroll (including compensation and withholdings) is accurately calculated and recorded.

PR3020 Payroll (including compensation and withholdings) is accurately calculated and recorded.

PR3020 Payroll (including compensation and withholdings) is accurately calculated and recorded.

PR3020 Payroll (including compensation and withholdings) is accurately calculated and recorded.

PR3025 Payroll related accruals/provisions reflect the existing business circumstances and economic conditions in accordance with the accounting policies being used.

PR3030 Financial information is not presented in a misleading way, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

PR4005 Payroll disbursements and recorded payroll expenses relate to actual time worked.

PR4005 Payroll disbursements and recorded payroll expenses relate to actual time worked.

PR4005 Payroll disbursements and recorded payroll expenses relate to actual time worked.

PR4010 Payroll is disbursed to appropriate employees.

PR4010 Payroll is disbursed to appropriate employees.

PR4010 Payroll is disbursed to appropriate employees.

PR5005 Only valid changes are made to the payroll master files.

PR5005 Only valid changes are made to the payroll master files.

PR5005 Only valid changes are made to the payroll master files.

PR5005 Only valid changes are made to the payroll master files.

PR5005 Only valid changes are made to the payroll master files.

PR5010 All valid changes to the payroll master files are input and processed.

PR5010 All valid changes to the payroll master files are input and processed.

PR5010 All valid changes to the payroll master files are input and processed.

PR5010 All valid changes to the payroll master files are input and processed.

PR5015 Changes to the payroll master files are accurate.

PR5015 Changes to the payroll master files are accurate.

PR5015 Changes to the payroll master files are accurate.

PR5015 Changes to the payroll master files are accurate.

PR5020 Changes to the payroll master files are processed timely.

PR5020 Changes to the payroll master files are processed timely.

PR5020 Changes to the payroll master files are processed timely.

PR5020 Changes to the payroll master files are processed timely.

PR5025 Payroll master files data remains pertinent.

PR5025 Payroll master files data remains pertinent.

PR5025 Payroll master files data remains pertinent.

PR5030 Only valid changes are made to the payroll withholding tables.

PR5030 Only valid changes are made to the payroll withholding tables.

PR5030 Only valid changes are made to the payroll withholding tables.

PR5030 Only valid changes are made to the payroll withholding tables.

PR5035 All valid changes to the payroll withholding tables are input and processed.

PR5035 All valid changes to the payroll withholding tables are input and processed.

PR5035 All valid changes to the payroll withholding tables are input and processed.

PR5040 Changes to the payroll withholding tables are accurate.

PR5040 Changes to the payroll withholding tables are accurate.

PR5040 Changes to the payroll withholding tables are accurate.

PR5045 Changes to the payroll withholding tables are processed timely.

PR5045 Changes to the payroll withholding tables are processed timely.

PR5045 Changes to the payroll withholding tables are processed timely.

PR5050 Payroll withholding table data remains pertinent.

PR5055 Statutory withholding tables are consistent with statutory requirements.

Interne beheersingsmaatregelen

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR110# Significant changes to the payroll master files are approved by management.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.

PR135 Compliance with employee termination policies and procedures, including compliance with statutory regulation and union requirements, is monitored by management.

PR211# Management monitors compliance with all significant policies concerning personnel and compensation. All exceptions to personnel and compensation policies and procedures noted are raised to the appropriate level within the entity and pursued to proper resolution.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR110# Significant changes to the payroll master files are approved by management.

PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.

PR127 Time recording and attendance exceptions based on expectations established by management are identified, monitored, and corrected.

PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.

PR125# Hourly employees record time worked using a time clock; employee time cards are approved by management.

PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR139# All payroll queries are followed up by persons independent of the payroll preparation and disbursement process.

PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-of-balance batches are corrected promptly.

PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-of-balance batches are corrected promptly.

PR136# Payroll input data is edited and validated; identified errors are corrected promptly.

PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR138# Compliance with the payroll disbursement processing schedule is monitored by management.

PR144 Payroll transactions at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.

PR138# Compliance with the payroll disbursement processing schedule is monitored by management.

PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.

PR146 Standard programmed algorithms perform significant payroll calculations.

PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.

PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR199 All payroll suspense accounts are reconciled and reviewed by management or other supervisory personnel on a timely basis. Transactions recorded in the payroll suspense accounts are proper suspense items; other items are investigated and resolved in a timely manner.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.

PR141# Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.

PR139# All payroll queries are followed up by persons independent of the payroll preparation and disbursement process.

PR104# Access to the payroll bank transfer tape is restricted to authorized personnel.

PR155# Employees sign for cash received; compliance is monitored by management.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR110# Significant changes to the payroll master files are approved by management.

PR100# The ability to view, modify, or transfer information contained in the payroll master files is restricted to authorized personnel.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR162# Payroll master file data is edited and validated; identified errors are corrected promptly.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.

PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.

PR164 Changes to the payroll withholding tables are compared to authorized source documents to ensure that they were input accurately.

PR111 Changes to the payroll withholding tables are approved by management.

PR101# Access to the payroll withholding tables is restricted to authorized personnel.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.

PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensure that all requested changes are processed timely.

PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.

PR164 Changes to the payroll withholding tables are compared to authorized source documents to ensure that they were input accurately.

PR166# Payroll withholding table data is edited and validated; identified errors are corrected promptly.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.

PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensure that all requested changes are processed timely.

PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.

PR168 Payroll withholding table data is periodically reviewed for compliance with statutory requirements.

Pivot PP

Interne controle doelstellingPR1010 Additions to the payroll master files represent valid employees.

PR1015 All new employees are added to the payroll master files.

PR1020 Terminated employees are removed from the payroll master files.

PR1025 Employees are only terminated within statutory and union requirements.

PR1030 Deletions from the payroll master files represent valid terminations.

PR2005 Time and attendance data recorded reflects actual time worked and is authorized.

PR2015 All time worked is input.

PR2020 Time worked is accurately input and processed.

PR2025 Time worked is processed timely.

PR3010 Payroll is recorded in the appropriate period.

PR3020 Payroll (including compensation and withholdings) is accurately calculated and recorded.

PR3025 Payroll related accruals/provisions reflect the existing business circumstances and economic conditions in accordance with the accounting policies being used.

PR3030 Financial information is not presented in a misleading way, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

PR4005 Payroll disbursements and recorded payroll expenses relate to actual time worked.

PR4010 Payroll is disbursed to appropriate employees.

PR5005 Only valid changes are made to the payroll master files.

PR5010 All valid changes to the payroll master files are input and processed.

PR5015 Changes to the payroll master files are accurate.

PR5020 Changes to the payroll master files are processed timely.

PR5025 Payroll master files data remains pertinent.

PR5030 Only valid changes are made to the payroll withholding tables.

PR5035 All valid changes to the payroll withholding tables are input and processed.

PR5040 Changes to the payroll withholding tables are accurate.

PR5045 Changes to the payroll withholding tables are processed timely.

PR5050 Payroll withholding table data remains pertinent.

PR5055 Statutory withholding tables are consistent with statutory requirements.

Total Result

Interne be (empty)

PR110# Significant changes to the payroll master files are approved by management.PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR135 Compliance with employee termination policies and procedures, including compliance with statutory regulation and union requirements, is monitored by management.PR211# Management monitors compliance with all significant policies concerning personnel and compensation. All exceptions to personnel and compensation policies and procedures noted are raised to the appropriate level within the entity and pursued to proper resolution.

PR110# Significant changes to the payroll master files are approved by management.PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR125# Hourly employees record time worked using a time clock; employee time cards are approved by management.PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.PR127 Time recording and attendance exceptions based on expectations established by management are identified, monitored, and corrected.PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.

PR139# All payroll queries are followed up by persons independent of the payroll preparation and disbursement process.PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-of-balance batches are corrected promptly.

PR136# Payroll input data is edited and validated; identified errors are corrected promptly.PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-of-balance batches are corrected promptly.

PR138# Compliance with the payroll disbursement processing schedule is monitored by management.PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR138# Compliance with the payroll disbursement processing schedule is monitored by management.PR144 Payroll transactions at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.PR146 Standard programmed algorithms perform significant payroll calculations.PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR199 All payroll suspense accounts are reconciled and reviewed by management or other supervisory personnel on a timely basis. Transactions recorded in the payroll suspense accounts are proper suspense items; other items are investigated and resolved in a timely manner.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.PR141# Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR104# Access to the payroll bank transfer tape is restricted to authorized personnel.PR139# All payroll queries are followed up by persons independent of the payroll preparation and disbursement process.PR155# Employees sign for cash received; compliance is monitored by management.

PR100# The ability to view, modify, or transfer information contained in the payroll master files is restricted to authorized personnel.PR110# Significant changes to the payroll master files are approved by management.PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.PR162# Payroll master file data is edited and validated; identified errors are corrected promptly.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR115# Payroll master file data is periodically reviewed for accuracy and ongoing pertinence.PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.

PR101# Access to the payroll withholding tables is restricted to authorized personnel.PR111 Changes to the payroll withholding tables are approved by management.PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR164 Changes to the payroll withholding tables are compared to authorized source documents to ensure that they were input accurately.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR164 Changes to the payroll withholding tables are compared to authorized source documents to ensure that they were input accurately.PR166# Payroll withholding table data is edited and validated; identified errors are corrected promptly.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.

PR168 Payroll withholding table data is periodically reviewed for compliance with statutory requirements.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR135 Compliance with employee termination policies and procedures, including compliance with statutory regulation and union requirements, is monitored by management.PR211# Management monitors compliance with all significant policies concerning personnel and compensation. All exceptions to personnel and compensation policies and procedures noted are raised to the appropriate level within the entity and pursued to proper resolution.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR125# Hourly employees record time worked using a time clock; employee time cards are approved by management.PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.PR127 Time recording and attendance exceptions based on expectations established by management are identified, monitored, and corrected.PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.

PR139# All payroll queries are followed up by persons independent of the payroll preparation and disbursement process.PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-of-balance batches are corrected promptly.

PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-of-balance batches are corrected promptly.

PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR144 Payroll transactions at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.

PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR199 All payroll suspense accounts are reconciled and reviewed by management or other supervisory personnel on a timely basis. Transactions recorded in the payroll suspense accounts are proper suspense items; other items are investigated and resolved in a timely manner.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

PR126# Overtime hours worked and payments for such overtime are authorized by management for all salaried employees who are paid for overtime.PR128 Salary and hourly payroll reports (including compensation and withholding information) are reviewed and approved by management prior to disbursement.PR141# Time reported by employees is reconciled regularly between clock cards/timesheets and payroll reports.

PR139# All payroll queries are followed up by persons independent of the payroll preparation and disbursement process.

PR100# The ability to view, modify, or transfer information contained in the payroll master files is restricted to authorized personnel.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR159 Recorded changes to the payroll master files are compared to authorized source documents to ensure that they were input accurately.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR120 Departmental managers periodically review listings of current employees within their departments and notify the personnel department of necessary changes.PR140# Variations between payroll master files and the time recording system are investigated and appropriate action taken if necessary.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR164 Changes to the payroll withholding tables are compared to authorized source documents to ensure that they were input accurately.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR164 Changes to the payroll withholding tables are compared to authorized source documents to ensure that they were input accurately.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensure that all requested changes are processed timely.PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for to ensure that all requested changes are processed timely.

PR116# The payroll withholding table data is periodically reviewed by management for accuracy and ongoing pertinence.

PR211# Management monitors compliance with all significant policies concerning personnel and compensation. All exceptions to personnel and compensation policies and procedures noted are raised to the appropriate level within the entity and pursued to proper resolution.

PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR199 All payroll suspense accounts are reconciled and reviewed by management or other supervisory personnel on a timely basis. Transactions recorded in the payroll suspense accounts are proper suspense items; other items are investigated and resolved in a timely manner.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

PR201# The detailed payroll records show all pertinent data describing the payroll (including total compensation, related income taxes, and other withholdings) and the related balances are reconciled, in a timely manner, to corresponding general ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are investigated and cleared on a timely basis.

Interne controle doelstelling

RE3070 Only valid orders are input and processed.

RE3070 Only valid orders are input and processed.

RE3070 Only valid orders are input and processed.

RE3070 Only valid orders are input and processed.

RE3010 Orders are only processed within approved customer credit limits.

RE3010 Orders are only processed within approved customer credit limits.

RE3010 Orders are only processed within approved customer credit limits.

RE3010 Orders are only processed within approved customer credit limits.

RE3020 Orders are approved by management as to prices and terms of sale.

RE3020 Orders are approved by management as to prices and terms of sale.

RE3030 Orders and cancellations of orders are input accurately.

RE3030 Orders and cancellations of orders are input accurately.

RE3030 Orders and cancellations of orders are input accurately.

RE3030 Orders and cancellations of orders are input accurately.

RE3030 Orders and cancellations of orders are input accurately.

RE3040 Order entry data is transferred completely and accurately to the shipping and invoicing activities.

RE3040 Order entry data is transferred completely and accurately to the shipping and invoicing activities.

RE3060 All orders received from customers are input and processed.

RE3060 All orders received from customers are input and processed.

RE3060 All orders received from customers are input and processed.

RE3060 All orders received from customers are input and processed.

RE5020 Invoices are accurately calculated and recorded.

RE5020 Invoices are accurately calculated and recorded.

RE5020 Invoices are accurately calculated and recorded.

RE5020 Invoices are accurately calculated and recorded.

RE5020 Invoices are accurately calculated and recorded.

RE5010 Invoices are generated using authorized terms and prices.

RE5010 Invoices are generated using authorized terms and prices.

RE5010 Invoices are generated using authorized terms and prices.

RE5010 Invoices are generated using authorized terms and prices.

RE5010 Invoices are generated using authorized terms and prices.

RE5010 Invoices are generated using authorized terms and prices.

RE5030 Credit notes and adjustments to accounts receivable are accurately calculated and recorded.

RE5030 Credit notes and adjustments to accounts receivable are accurately calculated and recorded.

RE5030 Credit notes and adjustments to accounts receivable are accurately calculated and recorded.

RE5030 Credit notes and adjustments to accounts receivable are accurately calculated and recorded.

RE5030 Credit notes and adjustments to accounts receivable are accurately calculated and recorded.

RE5040 All goods shipped are invoiced.

RE5040 All goods shipped are invoiced.

RE5040 All goods shipped are invoiced.

RE5040 All goods shipped are invoiced.

RE5040 All goods shipped are invoiced.

RE5060 Invoices relate to valid shipments.

RE5060 Invoices relate to valid shipments.

RE5060 Invoices relate to valid shipments.

RE5060 Invoices relate to valid shipments.

RE5050 Credit notes for all goods returned and adjustments to accounts receivable are issued in accordance with organization policy.

RE5050 Credit notes for all goods returned and adjustments to accounts receivable are issued in accordance with organization policy.

RE5070 All credit notes relate to a return of goods or other valid adjustments.

RE5070 All credit notes relate to a return of goods or other valid adjustments.

RE5070 All credit notes relate to a return of goods or other valid adjustments.

RE5080 All invoices issued are recorded.

RE5080 All invoices issued are recorded.

RE5080 All invoices issued are recorded.

RE5085 All credit notes issued are recorded.

RE5085 All credit notes issued are recorded.

RE50110 Invoices are recorded in the appropriate period.

RE50110 Invoices are recorded in the appropriate period.

RE50120 Credit notes issued are recorded in the appropriate period.

RE50120 Credit notes issued are recorded in the appropriate period.

RE50130 Accounts Receivable reflect the existing business circumstances and economic conditions in accordance with accounting policies being used.

RE50140 Sales and Accounts Receivable information is appropriately presented, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

RE6020 Cash receipts are recorded in the period in which they are received.

RE6020 Cash receipts are recorded in the period in which they are received.

RE6020 Cash receipts are recorded in the period in which they are received.

RE6020 Cash receipts are recorded in the period in which they are received.

RE6020 Cash receipts are recorded in the period in which they are received.

RE6030 Cash receipts data is entered for processing accurately.

RE6040 All cash receipts data is entered for processing.

RE6040 All cash receipts data is entered for processing.

RE6040 All cash receipts data is entered for processing.

RE6040 All cash receipts data is entered for processing.

RE6040 All cash receipts data is entered for processing.

RE6040 All cash receipts data is entered for processing.

RE6040 All cash receipts data is entered for processing.

RE6030 Cash receipts data is entered for processing accurately.

RE6030 Cash receipts data is entered for processing accurately.

RE6030 Cash receipts data is entered for processing accurately.

RE6030 Cash receipts data is entered for processing accurately.

RE6030 Cash receipts data is entered for processing accurately.

RE6030 Cash receipts data is entered for processing accurately.

RE6050 Cash receipts data is valid and is entered for processing only once.

RE6050 Cash receipts data is valid and is entered for processing only once.

RE6050 Cash receipts data is valid and is entered for processing only once.

RE6050 Cash receipts data is valid and is entered for processing only once.

RE6060 Cash discounts are accurately calculated and recorded

RE6090 Timely collection of accounts receivable is monitored.

RE6090 Timely collection of accounts receivable is monitored.

RE7030 Changes to the customer master file are accurate.

RE7030 Changes to the customer master file are accurate.

RE7030 Changes to the customer master file are accurate.

RE7050 Customer master file data remains pertinent.

RE7050 Customer master file data remains pertinent.

RE6060 Cash discounts are accurately calculated and recorded

RE7010 Only valid changes are made to the customer master file.

RE7010 Only valid changes are made to the customer master file.

RE7010 Only valid changes are made to the customer master file.

RE7020 All valid changes to the customer master file are input and processed.

RE7020 All valid changes to the customer master file are input and processed.

RE7020 All valid changes to the customer master file are input and processed.

RE7040 Changes to the customer master file are processed timely.

RE7040 Changes to the customer master file are processed timely.

RE7040 Changes to the customer master file are processed timely.

Interne beheersingsmaatregelen

RE801# Orders are not processed for "blocked" accounts.

RE800 Orders are not processed if the customer’s credit limit will be exceeded.

RE523# Customers’ financial position and creditworthiness are monitored.

RE822# Customers are assigned credit limits based on an assessment of their creditworthiness and ability to pay for goods or services.

RE802 Sales orders and/or invoices terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.

RE824 Significant or unusual sales orders are specifically approved by management as to prices and terms.

RE807 Customers enter and/or cancel orders automatically using EDI protocols.

RE805 Recorded orders and cancellations are confirmed with customers.

RE806 Recorded order entry and order cancellation data is compared to source documents by an individual who is independent of the order entry process.

RE804# Order entry and order cancellation data is edited and validated; identified errors are corrected promptly.

RE825# Order cancellation data is matched to the original order.

RE808 Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.

RE814# Orders are sequentially numbered. The sequence of orders processed is accounted for.

RE807 Customers enter and/or cancel orders automatically using EDI protocols.

RE814 Orders are sequentially numbered. The sequence of orders processed is accounted for.

RE805# Recorded orders and cancellations are confirmed with customers.

RE819# Order entry transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

RE807 Customers enter and/or cancel orders automatically using EDI protocols.

RE805 Recorded orders and cancellations are confirmed with customers.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE814# Orders are sequentially numbered. The sequence of orders processed is accounted for.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

RE802 Sales orders and/or invoice terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.

RE220 The system maintains both current and prior approved prices. Orders and invoices are priced using the price in effect at the time of order placement or shipment, depending on the organization’s policies and procedures.

RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.

RE824# Significant or unusual sales orders are specifically approved by management as to prices and terms.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.

RE999 Invoices and/or sales orders are automatically priced by the application system, using standard programmed algorithms, including the calculation of discounts, if applicable.

RE998 Pricing of recorded invoices, including discounts applied, is independently recalculated.

RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.

RE202# Invoice and credit note data is edited and validated; identified errors are corrected promptly.

RE213# Invoice and credit note input data is balanced; out-of-balance batches are corrected promptly.

RE210 Management approves credit notes, bad debt write-offs, and other adjustments to accounts receivable.

RE214# Management monitors the nature, volume, and amounts of recorded credit notes, write-offs, and other adjustments to accounts receivable.

RE213# Invoice and credit note input data is balanced; out-of-balance batches are corrected promptly.

RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

RE202# Invoice and credit note data is edited and validated; identified errors are corrected promptly.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

IM259 Goods on consignment are confirmed regularly and the statements are reconciled to inventory records and general ledger.

IM204# Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.

RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this policy is monitored.

RE835 All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

RE834 Invoices are approved based on comparison to priced order and shipping source documents.

RE522# Statements of customer accounts receivable are mailed periodically to customers.

IM201# Signed delivery notes (proof of delivery) are received from customers for all shipments made. The sequence of signed delivery notes received from customers is accounted for.

RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this policy is monitored.

RE204# Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.

RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regularly; management reviews and approves significant variances.

RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

RE815 Invoices are sequentially prenumbered. The sequence of invoices processed is accounted for.

RE204 Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.

RE522# Statements of customer accounts receivable are mailed periodically to customers.

RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regularly; management reviews and approves significant variances.

IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.

RE204 Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.

IM205 Goods returned by customers at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.

RE211 Management reviews and approves the allowance for doubtful debts.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.

RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer’s bank account.

RE900 Bank statements are reconciled to the general ledger regularly.

RE215 Cash receipts at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.

RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.

RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer’s bank account.

RE900# Bank statements are reconciled to the general ledger regularly.

RE522# Statements of customer accounts receivable are mailed periodically to customers.

RE905# Cash receipts input data is edited and validated; identified errors are corrected promptly.

RE910# Cash receipts transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.

RE840 Shipment of goods ordered via EDI initiates an automatic draft on the customer’s account.

RE912 Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.

RE900# Bank statements are reconciled to the general ledger regularly.

RE522# Statements of customer accounts receivable are mailed periodically to customers.

RE910# Cash receipts transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.

RE900# Bank statements are reconciled to the general ledger regularly.

RE912# Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.

RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE915 Available cash discounts are automatically calculated by the application system using standard programmed algorithms and established terms of sale.

RE916 Management reviews the level of recorded discounts granted to customers.

RE111 Collection procedures established by management for overdue accounts are performed as intended.

RE100# Accounts receivable aging reports are prepared regularly and analyzed.

RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE504 Recorded changes to customer master file data are compared to authorized source documents or confirmed with customers to ensure that they were input accurately.

RE207# Significant changes to the customer master file are approved by management.

RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

RE543 Requests to change customer master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for.

RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE504 Recorded changes to customer master file data are compared to authorized source documents or confirmed with customers to ensure that they were input accurately.

RE507# Customer master file input data is edited and validated; identified errors are corrected promptly.

RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.

RE543 Requests to change customer master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for.

RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE509# Reports of customers who have not placed orders within a specified period of time are reviewed to ensure that customer master file data remains pertinent.

Pivot Revenu

Interne controle doelstellingRE3010 Orders are only processed within approved customer credit limits.

RE3020 Orders are approved by management as to prices and terms of sale.

RE3030 Orders and cancellations of orders are input accurately.

RE3040 Order entry data is transferred completely and accurately to the shipping and invoicing activities.

RE3060 All orders received from customers are input and processed.

RE3070 Only valid orders are input and processed.

RE5010 Invoices are generated using authorized terms and prices.

RE50110 Invoices are recorded in the appropriate period.

RE50120 Credit notes issued are recorded in the appropriate period.

RE50130 Accounts Receivable reflect the existing business circumstances and economic conditions in accordance with accounting policies being used.

RE50140 Sales and Accounts Receivable information is appropriately presented, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

RE5020 Invoices are accurately calculated and recorded.

RE5030 Credit notes and adjustments to accounts receivable are accurately calculated and recorded.

RE5040 All goods shipped are invoiced.

RE5050 Credit notes for all goods returned and adjustments to accounts receivable are issued in accordance with organization policy.

RE5060 Invoices relate to valid shipments.

RE5070 All credit notes relate to a return of goods or other valid adjustments.

RE5080 All invoices issued are recorded.

RE5085 All credit notes issued are recorded.

RE6020 Cash receipts are recorded in the period in which they are received.

RE6030 Cash receipts data is entered for processing accurately.

RE6040 All cash receipts data is entered for processing.

RE6050 Cash receipts data is valid and is entered for processing only once.

RE6060 Cash discounts are accurately calculated and recorded

RE6090 Timely collection of accounts receivable is monitored.

RE7010 Only valid changes are made to the customer master file.

RE7020 All valid changes to the customer master file are input and processed.

RE7030 Changes to the customer master file are accurate.

RE7040 Changes to the customer master file are processed timely.

RE7050 Customer master file data remains pertinent.

Total Result

Interne be (empty)

RE523# Customers’ financial position and creditworthiness are monitored.RE800 Orders are not processed if the customer’s credit limit will be exceeded.RE801# Orders are not processed for "blocked" accounts.RE822# Customers are assigned credit limits based on an assessment of their creditworthiness and ability to pay for goods or services.

RE802 Sales orders and/or invoices terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.RE824 Significant or unusual sales orders are specifically approved by management as to prices and terms.

RE804# Order entry and order cancellation data is edited and validated; identified errors are corrected promptly.RE805 Recorded orders and cancellations are confirmed with customers.RE806 Recorded order entry and order cancellation data is compared to source documents by an individual who is independent of the order entry process.RE807 Customers enter and/or cancel orders automatically using EDI protocols.RE825# Order cancellation data is matched to the original order.

RE808 Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.RE814# Orders are sequentially numbered. The sequence of orders processed is accounted for.

RE805# Recorded orders and cancellations are confirmed with customers.RE807 Customers enter and/or cancel orders automatically using EDI protocols.RE814 Orders are sequentially numbered. The sequence of orders processed is accounted for.RE819# Order entry transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

RE805 Recorded orders and cancellations are confirmed with customers.RE807 Customers enter and/or cancel orders automatically using EDI protocols.RE814# Orders are sequentially numbered. The sequence of orders processed is accounted for.RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE220 The system maintains both current and prior approved prices. Orders and invoices are priced using the price in effect at the time of order placement or shipment, depending on the organization’s policies and procedures.RE802 Sales orders and/or invoice terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.RE824# Significant or unusual sales orders are specifically approved by management as to prices and terms.

IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regularly; management reviews and approves significant variances.

IM205 Goods returned by customers at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.RE204 Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.

RE211 Management reviews and approves the allowance for doubtful debts.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

RE202# Invoice and credit note data is edited and validated; identified errors are corrected promptly.RE213# Invoice and credit note input data is balanced; out-of-balance batches are corrected promptly.RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.RE998 Pricing of recorded invoices, including discounts applied, is independently recalculated.RE999 Invoices and/or sales orders are automatically priced by the application system, using standard programmed algorithms, including the calculation of discounts, if applicable.

RE202# Invoice and credit note data is edited and validated; identified errors are corrected promptly.RE210 Management approves credit notes, bad debt write-offs, and other adjustments to accounts receivable.RE213# Invoice and credit note input data is balanced; out-of-balance batches are corrected promptly.RE214# Management monitors the nature, volume, and amounts of recorded credit notes, write-offs, and other adjustments to accounts receivable.RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

IM204# Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.IM259 Goods on consignment are confirmed regularly and the statements are reconciled to inventory records and general ledger.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this policy is monitored.RE835 All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

IM201# Signed delivery notes (proof of delivery) are received from customers for all shipments made. The sequence of signed delivery notes received from customers is accounted for.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE522# Statements of customer accounts receivable are mailed periodically to customers.RE834 Invoices are approved based on comparison to priced order and shipping source documents.

RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this policy is monitored.RE204# Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regularly; management reviews and approves significant variances.RE815 Invoices are sequentially prenumbered. The sequence of invoices processed is accounted for.RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

RE204 Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.RE522# Statements of customer accounts receivable are mailed periodically to customers.

RE215 Cash receipts at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer’s bank account.RE900 Bank statements are reconciled to the general ledger regularly.RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE522# Statements of customer accounts receivable are mailed periodically to customers.RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer’s bank account.RE900# Bank statements are reconciled to the general ledger regularly.RE905# Cash receipts input data is edited and validated; identified errors are corrected promptly.

RE910# Cash receipts transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE522# Statements of customer accounts receivable are mailed periodically to customers.RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.RE840 Shipment of goods ordered via EDI initiates an automatic draft on the customer’s account.RE900# Bank statements are reconciled to the general ledger regularly.RE910# Cash receipts transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.RE912 Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.RE900# Bank statements are reconciled to the general ledger regularly.RE912# Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE915 Available cash discounts are automatically calculated by the application system using standard programmed algorithms and established terms of sale.RE916 Management reviews the level of recorded discounts granted to customers.

RE100# Accounts receivable aging reports are prepared regularly and analyzed.RE111 Collection procedures established by management for overdue accounts are performed as intended.

RE207# Significant changes to the customer master file are approved by management.RE504 Recorded changes to customer master file data are compared to authorized source documents or confirmed with customers to ensure that they were input accurately.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.RE543 Requests to change customer master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for.

RE504 Recorded changes to customer master file data are compared to authorized source documents or confirmed with customers to ensure that they were input accurately.RE507# Customer master file input data is edited and validated; identified errors are corrected promptly.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.RE543 Requests to change customer master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for.

RE509# Reports of customers who have not placed orders within a specified period of time are reviewed to ensure that customer master file data remains pertinent.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE822# Customers are assigned credit limits based on an assessment of their creditworthiness and ability to pay for goods or services.

RE802 Sales orders and/or invoices terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.

RE804# Order entry and order cancellation data is edited and validated; identified errors are corrected promptly.

RE806 Recorded order entry and order cancellation data is compared to source documents by an individual who is independent of the order entry process.

RE808 Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.

RE819# Order entry transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

IM256# List prices of composed products are automatically calculated based on the list prices of components of such products.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE220 The system maintains both current and prior approved prices. Orders and invoices are priced using the price in effect at the time of order placement or shipment, depending on the organization’s policies and procedures.RE802 Sales orders and/or invoice terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.RE824# Significant or unusual sales orders are specifically approved by management as to prices and terms.

IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regularly; management reviews and approves significant variances.

IM205 Goods returned by customers at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems is balanced; identified errors are corrected promptly.

RE999 Invoices and/or sales orders are automatically priced by the application system, using standard programmed algorithms, including the calculation of discounts, if applicable.

RE210 Management approves credit notes, bad debt write-offs, and other adjustments to accounts receivable.

RE214# Management monitors the nature, volume, and amounts of recorded credit notes, write-offs, and other adjustments to accounts receivable.RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

IM204# Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.IM259 Goods on consignment are confirmed regularly and the statements are reconciled to inventory records and general ledger.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this policy is monitored.RE835 All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

IM201# Signed delivery notes (proof of delivery) are received from customers for all shipments made. The sequence of signed delivery notes received from customers is accounted for.RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this policy is monitored.

RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regularly; management reviews and approves significant variances.

RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments are invoiced and that all invoices are recorded.

RE215 Cash receipts at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period.RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer’s bank account.

RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer’s bank account.

RE910# Cash receipts transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.

RE910# Cash receipts transactions are batched and batch input data is balanced; out-of-balance batches are corrected promptly.RE912 Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the register receipt and total daily receipts per the register are balanced to cash deposited to the bank.

RE912# Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and differences are resolved in a timely manner.

RE915 Available cash discounts are automatically calculated by the application system using standard programmed algorithms and established terms of sale.

RE111 Collection procedures established by management for overdue accounts are performed as intended.

RE504 Recorded changes to customer master file data are compared to authorized source documents or confirmed with customers to ensure that they were input accurately.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.RE543 Requests to change customer master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for.

RE504 Recorded changes to customer master file data are compared to authorized source documents or confirmed with customers to ensure that they were input accurately.

RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that all requested changes are processed timely.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.RE543 Requests to change customer master file data are submitted on prenumbered forms; the numerical sequence of such forms is accounted for.

RE509# Reports of customers who have not placed orders within a specified period of time are reviewed to ensure that customer master file data remains pertinent.RE531# Customer master file data is periodically reviewed by management for accuracy and ongoing pertinence.

RE802 Sales orders and/or invoices terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.

RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE220 The system maintains both current and prior approved prices. Orders and invoices are priced using the price in effect at the time of order placement or shipment, depending on the organization’s policies and procedures.RE802 Sales orders and/or invoice terms and prices are based on an approved price list. Exceptions to standard pricing and discounts require specific management approval. Overrides of standard pricing and terms are reported and investigated by management.

IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.

No control activities and related tests of controls have been included in the database for this control objective as it is usually more effective and efficient to perform an intermediate or focused level of substantive testing.

RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

IM204# Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period, including raising and recording of the related invoices.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory reports related to order entry, shipping, invoicing, and accounts receivable; significant unusual relationships are monitored and acted upon.

RE835 All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the separate, nonintegrated order entry and/or shipping applications; differences require management approval before invoices can be processed.

RE835# All returned goods are logged when received. The log details such items as customers, goods, defects, inspections, and assessment by quality control. Return details per the log are compared to credit notes issued to ensure that credit is issued in the correct period and in accordance with company policy.

RE912 Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.

RE912# Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cash receipt form) and cash receipts forms are balanced to cash deposited to the bank. Cash receipt forms are sequentially prenumbered and the sequence of such forms is accounted for.

Interne controle doelstelling

FA0515 Fixed asset acquisitions are accurately recorded.

FA0525 All fixed asset acquisitions are recorded.

FA1005 Depreciation charges are valid.

FA1510 Recorded fixed asset disposals represent actual disposals.

FA1515 All fixed asset disposals are recorded.

FA2010 Fixed assets are adequately safeguarded.

FA2015 Fixed asset maintenance records are updated timely.

FA0505 Recorded fixed asset acquisitions represent fixed assets acquired by the organization.

FA0520 Fixed asset acquisitions are recorded in the appropriate period.

FA1010 Depreciation charges are accurately calculated and recorded.

FA1020 All depreciation charges are recorded in the appropriate period.

FA1520 Fixed asset disposals are accurately calculated and recorded.

FA1525 Fixed asset disposals are recorded in the appropriate period.

FA2005 Records of fixed asset maintenance activity are accurately maintained.

FA2025 Fixed assets reflect the existing business circumstances and economic conditions in accordance with the accounting policies being used.

FA2030 Financial information is appropriately presented, and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

FA2505 Only valid changes are made to the fixed asset register and/or master file.

FA2510 All valid changes to the fixed asset register and/or master file are input and processed.

FA2515 Changes to the fixed asset register and/or master file are accurate.

FA2520 Changes to the fixed asset register and/or master file are processed timely.

FA2525 Fixed asset register and/or master file data remains pertinent.

Interne controle doelstelling

TR0515 All borrowings are recorded.

TR0520 Borrowings are recorded in the appropriate period.

TR0530 Recorded loan repayments are valid.

TR0535 Loan repayments are accurately recorded.

TR0540 All loan repayments are recorded.

TR0545 Loan repayments are recorded in the appropriate period.

TR0555 The organization complies with loan covenants.

TR1515 All investment transactions are recorded.

TR2020 Derivative transactions are accurately recorded.

TR0505 Recorded debt represents a valid liability of the organization.

TR0510 Borrowings are recorded accurately as to amounts and terms.

TR0525 All interest is accurately calculated and recorded in the appropriate period.

TR0550 Loans are repaid in accordance with the terms of the loan.

TR1505 Recorded investments represent assets of the organization.

TR1510 Investment purchases, sales, and maturities are accurately recorded.

TR1520 Investment transactions are recorded in the appropriate period.

TR1525 All investment income is accurately calculated and recorded in the appropriate period.

TR1530 Loans and investments reflect the existing business circumstances and economic conditions in accordance with the accounting policies being used.

TR1535 Financial information is appropriately presented and all information that is necessary for fair presentation and compliance with professional standards or legal requirements is disclosed.

TR2005 Senior management has an understanding of the organization’s derivative activities.

TR2010 Recorded derivative transactions represent assets or liabilities of the organization.

TR2015 Disclosed off-balance sheet derivative transactions represent valid transactions.

TR2025 Disclosed off-balance sheet derivative transactions are properly presented.

TR2030 All derivative transactions are recorded in the financial statements.

TR2035 All off-balance sheet derivative transactions are disclosed in the financial statements.

TR2040 Derivative transactions are recorded in the appropriate period.

TR2045 Off-balance sheet derivative transactions are recorded in the financial statements in the appropriate period.

TR2050 All investment income on derivative transactions is accurately calculated and recorded in the appropriate period.

TR2055 All interest expense on derivative transactions is accurately calculated and recorded in the appropriate period.

TR2060 Derivative transactions reflect the existing business circumstances and economic conditions in accordance with the accounting policies being used.