IC Doelstellingen en Beheersingsmaatregelen

Interne controle doelstelling Interne beheersingsmaatregelen
EX1015 Purchase orders are placed EX112 Management must approve all purchase orders, with
only for approved requisitions. 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 EX121 Purchase orders are reviewed and approved by
only for approved requisitions. management prior to mailing to the supplier.
EX1015 Purchase orders are placed EX125# Management reviews reports detailing overrides of
only for approved requisitions. established purchase order prices, terms, and conditions and
approves these overrides.
EX1015 Purchase orders are placed EX212# A purchase requisition authorization list is
only for approved requisitions. maintained, specifying the amounts up to which individuals
are authorized to approve purchase requisitions.
EX1015 Purchase orders are placed EX250# Access to unissued purchase requisitions and
only for approved requisitions. purchase orders is restricted to authorized individuals.
EX1015 Purchase orders are placed EX258# Criteria for supplier selection are defined and
only for approved requisitions. communicated by management to ensure that goods and
services are obtained only from properly authorized
suppliers.
EX1015 Purchase orders are placed EX259# Criteria for making purchases are defined and
only for approved requisitions. communicated by management to ensure that goods and
services purchased are appropriately authorized.
EX1015 Purchase orders are placed EX216# Purchase requisitioning, purchasing, inventory
only for approved requisitions. 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 EX213 Purchase order entry data is compared to source
accurately. documents by individuals who are independent of the
purchase order entry process.
EX1025 Purchase orders are entered EX128# Purchase orders are batched and batch input is
accurately. balanced; out-of-balance batches are corrected promptly.
EX1025 Purchase orders are entered EX214# Management monitors statistics on deliveries of
accurately. 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 EX136# Purchase order data is edited and validated;
accurately. identified errors are corrected promptly.
EX1035 All purchase orders issued are EX115 Purchase orders are sequentially prenumbered. The
input and processed. sequence of purchase orders processed is accounted for.
EX1035 All purchase orders issued are EX128# Purchase orders are batched and batch input is
input and processed. balanced; out-of-balance batches are corrected promptly.
EX1035 All purchase orders issued are EX214# Management monitors statistics on deliveries of
input and processed. 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 EX216 Purchase requisitioning, purchasing, inventory
input and processed. management, and accounts payable functions are performed
transactions.
EX2005 Amounts posted to accounts EX107# Actual expenditures are compared to budget
payable represent goods received. regularly; management reviews and approves significant
variances.
EX2005 Amounts posted to accounts EX141 Goods received are matched on-line or manually with
payable represent goods received. 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 EX151 Management reviews recorded purchases (receipts of
payable represent goods received. goods) based on its knowledge of day-to-day activity.
EX2005 Amounts posted to accounts EX146 Invoices not matched to goods receipt notes (or other
payable represent goods received. appropriate supporting documentation for services received)
are investigated; payments on unmatched invoices require
specific management approval.
EX2005 Amounts posted to accounts EX104# Expenditures and related accounts in the general
payable represent goods received. 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 EX107# Actual expenditures are compared to budget
payable represent services received. regularly; management reviews and approves significant
variances.
EX2010 Amounts posted to accounts EX261 Invoices for services received are authorized and
payable represent services received. accompanied by appropriate supporting documentation.
EX2010 Amounts posted to accounts EX104# Expenditures and related accounts in the general
payable represent services received. ledger are reconciled to the supporting detail (such as
EX2015 Accounts payable amounts are EX145 Statements received from suppliers are reconciled to
accurately calculated and recorded. the supplier accounts in the accounts payable subledger
regularly and differences are investigated.
EX2015 Accounts payable amounts are EX107# Actual expenditures are compared to budget
accurately calculated and recorded. regularly; management reviews and approves significant
variances.
EX2015 Accounts payable amounts are EX151 Management reviews recorded purchases (receipts of
accurately calculated and recorded. goods) based on its knowledge of day-to-day activity.
EX2015 Accounts payable amounts are EX156# Data transferred from the purchase order entry
accurately calculated and recorded. subsystem to the receiving and/or accounts payable system
is reconciled between systems; all errors identified are
corrected promptly.
EX2015 Accounts payable amounts are EX135# Invoices, credit notes, and other adjustments related
accurately calculated and recorded. to accounts payable are edited and validated; identified
errors are corrected promptly.
EX2015 Accounts payable amounts are EX163# Goods received are batched and batch input data is
accurately calculated and recorded. balanced; out-of-balance batches are corrected promptly.
EX2015 Accounts payable amounts are EX216# Purchase requisitioning, purchasing, inventory
accurately calculated and recorded. management, and accounts payable functions are performed
transactions.
EX2015 Accounts payable amounts are EX104# Expenditures and related accounts in the general
accurately calculated and recorded. ledger are reconciled to the supporting detail (such as
EX2020 All amounts for goods received EX145 Statements received from suppliers are reconciled to
are input and processed to accounts the supplier accounts in the accounts payable subledger
payable. regularly and differences are investigated.
EX2020 All amounts for goods received EX107# Actual expenditures are compared to budget
are input and processed to accounts regularly; management reviews and approves significant
payable. variances.
EX2020 All amounts for goods received EX141 Goods received are matched on-line or manually with
are input and processed to accounts purchase order details and/or invoices; long outstanding
payable. goods receipt notes, purchase orders, and/or invoices are
prevent reuse.
EX2020 All amounts for goods received EX151 Management reviews recorded purchases (receipts of
are input and processed to accounts goods) based on its knowledge of day-to-day activity.
payable.
EX2020 All amounts for goods received EX154 Goods receipt vouchers (proof-of-delivery
are input and processed to accounts documentation) are prenumbered; the sequence of such
payable. vouchers is accounted for.
EX2020 All amounts for goods received EX138# Invoices, credit notes, and other adjustments related
are input and processed to accounts to accounts payable are batched and batch input data is
payable. balanced; out-of-balance batches are corrected promptly.
EX2020 All amounts for goods received EX156# Data transferred from the purchase order entry
are input and processed to accounts subsystem to the receiving and/or accounts payable system
payable. is reconciled between systems; all errors identified are
corrected promptly.
EX2020 All amounts for goods received EX163# Goods received are batched and batch input data is
are input and processed to accounts balanced; out-of-balance batches are corrected promptly.
payable.
EX2020 All amounts for goods received EX216# Purchase requisitioning, purchasing, inventory
are input and processed to accounts management, and accounts payable functions are performed
payable. by an integrated application system. The general ledger is
transactions.
EX2025 All amounts for services EX145 Statements received from suppliers are reconciled to
received are input and processed to the supplier accounts in the accounts payable subledger
accounts payable. regularly and differences are investigated.
EX2025 All amounts for services EX107# Actual expenditures are compared to budget
received are input and processed to regularly; management reviews and approves significant
accounts payable. variances.
EX2025 All amounts for services EX138# Invoices, credit notes, and other adjustments related
received are input and processed to to accounts payable are batched and batch input data is
accounts payable. balanced; out-of-balance batches are corrected promptly.
EX2025 All amounts for services EX156# Data transferred from the purchase order entry
received are input and processed to subsystem to the receiving and/or accounts payable system
accounts payable. is reconciled between systems; all errors identified are
corrected promptly.
EX2025 All amounts for services EX216# Purchase requisitioning, purchasing, inventory
received are input and processed to management, and accounts payable functions are performed
accounts payable. by an integrated application system. The general ledger is
transactions.
EX2030 Amounts for goods or services EX145 Statements received from suppliers are reconciled to
received are recorded in the the supplier accounts in the accounts payable subledger
appropriate period. regularly and differences are investigated.
EX2030 Amounts for goods or services EX141 Goods received are matched on-line or manually with
received are recorded in the purchase order details and/or invoices; long outstanding
appropriate period. goods receipt notes, purchase orders, and/or invoices are
prevent reuse.
EX2030 Amounts for goods or services EX177 Supplier invoices and credit notes received at, before,
received are recorded in the or after the end of an accounting period are scrutinized
appropriate period. and/or reconciled to ensure complete and consistent
recording in the appropriate period.
EX2030 Amounts for goods or services EX178 Goods received at, before, or after the end of an
received are recorded in the accounting period are scrutinized and/or reconciled to ensure
appropriate period. complete and consistent recording in the appropriate period.
EX2030 Amounts for goods or services RE900# Bank statements are reconciled to the general
received are recorded in the ledger regularly.
appropriate period.
EX2030 Amounts for goods or services EX169# A listing of outstanding purchase orders for which
received are recorded in the ownership of goods is transferred prior to delivery is prepared
appropriate period. for accrual purposes; management reviews this listing.
EX2030 Amounts for goods or services EX104# Expenditures and related accounts in the general
received are recorded in the ledger are reconciled to the supporting detail (such as
appropriate period. depreciation expenditures to the property system and
EX2035 Accounts payable are only EX145 Statements received from suppliers are reconciled to
adjusted for valid reasons. the supplier accounts in the accounts payable subledger
EX2035 Accounts payable are only EX217 Management reviews and approves credit notes and
adjusted for valid reasons. adjustments prior to posting to accounts payable.
EX2035 Accounts payable are only EX227 Electronic queues are used by management to
adjusted for valid reasons. approve credit notes and adjustments; access to the queues
is restricted by logical security.
EX2035 Accounts payable are only EX251 Management reviews all recorded nonsystematic
adjusted for valid reasons. debits to accounts payable (e.g., originating from sources
other than a disbursements journal).
EX2035 Accounts payable are only EX218# The purchases and accounts payable system
adjusted for valid reasons. prevents users from making adjustments to supplier accounts
in excess of approved limits or original order amounts.
EX2040 Credit notes and other EX145 Statements received from suppliers are reconciled to
adjustments are accurately calculated the supplier accounts in the accounts payable subledger
and recorded. regularly and differences are investigated.
EX2040 Credit notes and other EX138# Invoices, credit notes, and other adjustments related
adjustments are accurately calculated to accounts payable are batched and batch input data is
and recorded. balanced; out-of-balance batches are corrected promptly.
EX2040 Credit notes and other EX135# Invoices, credit notes, and other adjustments related
adjustments are accurately calculated to accounts payable are edited and validated; identified
and recorded. errors are corrected promptly.
EX2040 Credit notes and other EX218# The purchases and accounts payable system
adjustments are accurately calculated prevents users from making adjustments to supplier accounts
and recorded. in excess of approved limits or original order amounts.
EX2045 All valid credit notes and other EX145 Statements received from suppliers are reconciled to
adjustments related to accounts the supplier accounts in the accounts payable subledger
payable are input and processed. regularly and differences are investigated.
EX2045 All valid credit notes and other EX138# Invoices, credit notes, and other adjustments related
adjustments related to accounts to accounts payable are batched and batch input data is
payable are input and processed. balanced; out-of-balance batches are corrected promptly.
EX2045 All valid credit notes and other EX172# Goods returned notes are matched to credit notes;
adjustments related to accounts differences are investigated promptly.
payable are input and processed.
EX2045 All valid credit notes and other EX173# Goods returned notes are sequentially
adjustments related to accounts prenumbered. The sequence of goods returned notes is
payable are input and processed. accounted for and long outstanding unmatched goods
returned notes are reviewed and investigated.
EX2045 All valid credit notes and other EX216# Purchase requisitioning, purchasing, inventory
adjustments related to accounts management, and accounts payable functions are performed
payable are input and processed. by an integrated application system. The general ledger is
transactions.
EX2050 Credit notes and other EX145 Statements received from suppliers are reconciled to
adjustments are recorded in the the supplier accounts in the accounts payable subledger
appropriate period. regularly and differences are investigated.
EX2050 Credit notes and other EX177 Supplier invoices and credit notes received at, before,
adjustments are recorded in the or after the end of an accounting period are scrutinized
appropriate period. and/or reconciled to ensure complete and consistent
EX2050 Credit notes and other EX179 Goods returned at, before, or after the end of an
adjustments are recorded in the accounting period are scrutinized and/or reconciled to ensure
appropriate period. complete and consistent recording in the appropriate period.
EX2050 Credit notes and other EX169# A listing of outstanding purchase orders for which
adjustments are recorded in the ownership of goods is transferred prior to delivery is prepared
appropriate period. for accrual purposes; management reviews this listing.
EX2055 Assets and liabilities reflect the No control activities and related tests of controls have been
existing business circumstances and included in the database for this control objective as it is
economic conditions in accordance with usually more effective and efficient to perform an
the accounting policies being used. intermediate or focussed level of substantive testing.
EX2060 Financial information is not No control activities and related tests of controls have been
presented in a misleading way, and all included in the database for this control objective as it is
information that is necessary for fair usually more effective and efficient to perform an
presentation and compliance with intermediate or focussed level of substantive testing.
professional standards or legal
requirements is disclosed.
EX3005 Disbursements are only made EX107# Actual expenditures are compared to budget
for goods and services received. regularly; management reviews and approves significant
variances.
EX3005 Disbursements are only made EX130 Management reviews supporting documentation
for goods and services received. before approving payments. Supporting documentation is
canceled once payment is made.
EX3005 Disbursements are only made EX189 Management reviews a listing of supplier payments
for goods and services received. prior to release.
EX3005 Disbursements are only made EX254# Management periodically reviews returned paid
for goods and services received. checks for unauthorized signatures, alterations, and/or
endorsements.
EX3005 Disbursements are only made EX209# Individuals who make electronic funds transfers are
for goods and services received. authorized to do so by management.
EX3015 Disbursements are distributed EX252 Checks are restrictively endorsed by the preparer to
to the appropriate suppliers. ensure that they are paid to the specified payee.
EX3015 Disbursements are distributed EX130# Management reviews supporting documentation

to the appropriate suppliers. before approving payments. Supporting documentation is
EX3015 Disbursements are distributed EX189# Management reviews a listing of supplier payments
to the appropriate suppliers. prior to release.
EX3015 Disbursements are distributed EX254# Management periodically reviews returned paid
to the appropriate suppliers. checks for unauthorized signatures, alterations, and/or
endorsements.
EX3020 Disbursements are accurately EX145 Statements received from suppliers are reconciled to
calculated and recorded. the supplier accounts in the accounts payable subledger
EX3020 Disbursements are accurately EX107# Actual expenditures are compared to budget
calculated and recorded. regularly; management reviews and approves significant
variances.
EX3020 Disbursements are accurately EX130 Management reviews supporting documentation
calculated and recorded. before approving payments. Supporting documentation is
EX3020 Disbursements are accurately RE900# Bank statements are reconciled to the general
calculated and recorded. ledger regularly.
EX3020 Disbursements are accurately EX138# Invoices, credit notes, and other adjustments related
calculated and recorded. to accounts payable are batched and batch input data is
balanced; out-of-balance batches are corrected promptly.
EX3020 Disbursements are accurately EX256# Payment batch input data is balanced; identified
calculated and recorded. errors are corrected promptly.
EX3020 Disbursements are accurately EX262# Disbursement input data is edited and validated;
calculated and recorded. identified errors are corrected promptly.
EX3030 All disbursements are EX145# Statements received from suppliers are reconciled
recorded. to the supplier accounts in the accounts payable subledger
EX3030 All disbursements are RE900 Bank statements are reconciled to the general ledger
recorded. regularly.
EX3030 All disbursements are EX166# Management reviews an aged accounts payable
recorded. analysis and investigates any unusual items.
EX3030 All disbursements are EX207 Checks are sequentially prenumbered; the sequence
recorded. of checks processed is accounted for. Spoiled checks are
voided to prevent reuse and filed for subsequent inspection.
EX3040 Disbursements are recorded in RE900 Bank statements are reconciled to the general ledger
the period in which they are issued. regularly.
EX3040 Disbursements are recorded in EX143 Disbursements at, before, or after the end of an
the period in which they are issued. accounting period are scrutinized to ensure complete and
consistent recording in the appropriate accounting period.
EX4005 Only valid changes are made EX222# Supplier master file data is periodically reviewed by
to the supplier master file. management for accuracy and ongoing pertinence.
EX4005 Only valid changes are made EX185 Recorded changes to the supplier master file are
to the supplier master file. compared to authorized source documents to ensure that
they were input accurately.
EX4005 Only valid changes are made EX219# Significant changes to the supplier master file are
to the supplier master file. approved by management.
EX4010 All valid changes to the EX222# Supplier master file data is periodically reviewed by
supplier master file are input and management for accuracy and ongoing pertinence.
processed.
EX4010 All valid changes to the EX221 Requests to change the supplier master file data are
supplier master file are input and logged; the log is reviewed to ensure that all requested
processed. changes are processed timely.
EX4010 All valid changes to the EX223 Requests to change the supplier master file data are
supplier master file are input and submitted on prenumbered forms; the numerical sequence of
processed. such forms is accounted for to ensure that all requested
changes are processed timely.
EX4015 Changes to the supplier EX222# Supplier master file data is periodically reviewed by
master file are accurate. management for accuracy and ongoing pertinence.
EX4015 Changes to the supplier EX185 Recorded changes to the supplier master file are
master file are accurate. compared to authorized source documents to ensure that
they were input accurately.
EX4015 Changes to the supplier EX226# Supplier master file data is edited and validated;
master file are accurate. identified errors are corrected promptly.
EX4020 Changes to the supplier EX222# Supplier master file data is periodically reviewed by
master file are processed timely. management for accuracy and ongoing pertinence.
EX4020 Changes to the supplier EX221 Requests to change supplier master file data are
master file are processed timely. logged; the log is reviewed to ensure that all requested
EX4020 Changes to the supplier EX223 Requests to change supplier master file data are
master file are processed timely. submitted on prenumbered forms; the numerical sequence of
such forms is accounted for to ensure that all requested
EX4025 Supplier master file data EX222# Supplier master file data is periodically reviewed by
remains pertinent. management for accuracy and ongoing pertinence.
EX4025 Supplier master file data EX184# Suppliers that have not been used for a significant
remains pertinent. period of time are reviewed and marked for deletion by the
application, if appropriate.
Pivot Expenditure
Rijlabels
EX1015 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 proces
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 a
EX2060 Financial information is not presented in a misleading way, and all information that is necessa
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.
Eindtotaal
quirements is disclosed.
IM0005 Inventory is salable or usable. IM100 The salability of finished goods and usability
of raw materials are assessed regularly including a
review during physical inventory counts.
IM0005 Inventory is salable or usable. IM111# Inventory is stored in properly secured and
environmentally conditioned warehouse locations
where access is restricted to authorized personnel.
IM0005 Inventory is salable or usable. IM113# Rejected raw materials are adequately
segregated from other raw materials and regularly
monitored to ensure timely return to suppliers.
IM0005 Inventory is salable or usable. IM110# Inventory aging reports are prepared and
analyzed regularly.
IM0005 Inventory is salable or usable. IM131# Management monitors the adequacy and
appropriateness of inventory levels.
IM0005 Inventory is salable or usable. IM136# Rejected finished goods are adequately
segregated from other finished goods and are
monitored to ensure timely disposition.
IM0005 Inventory is salable or usable. IM144# System functionality monitors and
maintains inventory levels in accordance with
organization policies.
IM0005 Inventory is salable or usable. IM202# Obsolete, excess, and damaged inventories
are adequately segregated from other finished
goods inventories and are monitored to ensure
appropriate and timely disposition.
IM0010 Inventory is adequately safeguarded. IM111 Inventory is stored in properly secured and
environmentally conditioned warehouse locations
where access is restricted to authorized personnel.
IM0010 Inventory is adequately safeguarded. 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).
IM0010 Inventory is adequately safeguarded. 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 IM130 Management reviews and approves all
quantities relate to valid price changes and recorded adjustments to inventory prices or
physical inventory differences. quantities.
IM0015 Adjustments to inventory prices or IM128 All inventory adjustments are compared to
quantities relate to valid price changes and authorized source documents to ensure that they
physical inventory differences. were accurately input.
IM0015 Adjustments to inventory prices or IM101# Physical inventory is counted periodically
quantities relate to valid price changes and by persons independent of day-to-day custody or
physical inventory differences. 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 IM210# Inventory adjustment forms are sequentially
quantities relate to valid price changes and pre-numbered; the sequence of such forms is
physical inventory differences. accounted for.
IM0020 All adjustments to inventory prices or IM130 Management reviews and approves all
quantities are recorded. recorded adjustments to inventory prices or
quantities.
IM0020 All adjustments to inventory prices or IM101# Physical inventory is counted periodically
quantities are recorded. by persons independent of day-to-day custody or
recording of inventory. Inventory counts are
IM0020 All adjustments to inventory prices or IM132# Inventory quantities per the inventory
quantities are recorded. management system are regularly reconciled to
quantities per the nonintegrated warehouse system.
IM0020 All adjustments to inventory prices or IM210# Inventory adjustment forms are sequentially
quantities are recorded. pre-numbered; the sequence of such forms is
accounted for.
IM0025 Adjustments to inventory prices or IM101# Physical inventory is counted periodically
quantities are recorded timely and in the by persons independent of day-to-day custody or
appropriate period. recording of inventory. Inventory counts are
reconciled to inventory records and the inventory
records are reconciled to general ledger.
quantities are recorded timely and in the recorded adjustments to inventory prices or
appropriate period. quantities.
IM0025 Adjustments to inventory prices or IM132# Inventory quantities per the inventory
quantities are recorded timely and in the management system are regularly reconciled to
appropriate period. quantities per the nonintegrated warehouse system.
IM0025 Adjustments to inventory prices or IM125# If a nil pick or short pick occurs, or if the
quantities are recorded timely and in the inventory system shows that a storage location is
appropriate period. empty, an inventory count request is automatically
generated and followed up.
quantities are recorded accurately. recorded adjustments to inventory prices or
quantities.
IM0030 Adjustments to inventory prices or IM128 All inventory adjustments are compared to
quantities are recorded accurately. authorized source documents to ensure that they
were accurately input.
IM0030 Adjustments to inventory prices or IM132# Inventory quantities per the inventory
quantities are recorded accurately. management system are regularly reconciled to
IM0030 Adjustments to inventory prices or IM126# Inventory adjustment data is edited and
quantities are recorded accurately. validated; identified errors are corrected promptly.
IM0045 Inventory reflects the existing business No control activities and related tests of controls
circumstances and economic conditions in have been included in the database for this control
accordance with the accounting policies being objective as it is usually more effective and efficient
used. to perform an intermediate or focussed level of
substantive testing.
IM0050 Financial information is appropriately No control activities and related tests of controls
presented, and all information that is necessary have been included in the database for this control
for fair presentation and compliance with objective as it is usually more effective and efficient
professional standards or legal requirements is to perform an intermediate or focussed level of
disclosed. substantive testing.
IM1005 Raw materials are received and EX141 Goods received are matched on-line or
accepted only if they have valid purchase orders. 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 EX117 When goods received are matched to open
accepted only if they have valid purchase orders. 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 IM101 Physical inventory is counted periodically by
accurately. persons independent of day-to-day custody or
IM1015 Raw materials received are recorded IM198 Goods received are logged; the log is
accurately. 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 EX141 Goods received are matched on-line or
accurately. manually with purchase order details and/or
IM1015 Raw materials received are recorded EX151 Management reviews recorded purchases
accurately. (receipts of goods) based on its knowledge of day-
to-day activity.
IM1015 Raw materials received are recorded IM132# Inventory quantities per the inventory
accurately. management system are regularly reconciled to
IM1015 Raw materials received are recorded EX163# Goods received are batched and batch
accurately. input data is balanced; out-of-balance batches are
corrected promptly.
IM1015 Raw materials received are recorded EX118# Goods received input data is edited and
accurately. validated; identified errors are corrected promptly.
IM1015 Raw materials received are recorded EX216# Purchase requisitioning, purchasing,
accurately. inventory management, and accounts payable
functions are performed by an integrated application
system. The general ledger is automatically
updated for receipt and disbursement transactions.
IM1020 All raw materials received are recorded. IM101 Physical inventory is counted periodically by
persons independent of day-to-day custody or
IM1020 All raw materials received are recorded. IM198 Goods received are logged; the log is
reconciled to receipts input to the inventory
IM1020 All raw materials received are recorded. EX141 Goods received are matched on-line or
manually with purchase order details and/or
IM1020 All raw materials received are recorded. EX151 Management reviews recorded purchases
(receipts of goods) based on its knowledge of day-
to-day activity.
IM1020 All raw materials received are recorded. EX154 Goods receipt vouchers (proof-of-delivery
documentation) are prenumbered; the sequence of
such vouchers is accounted for.
IM1020 All raw materials received are recorded. IM139 Supplier statements are reconciled to goods
receipt records regularly.
IM1020 All raw materials received are recorded. 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.
IM1020 All raw materials received are recorded. IM132# Inventory quantities per the inventory
management system are regularly reconciled to
IM1020 All raw materials received are recorded. 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 IM101 Physical inventory is counted periodically by
timely and in the appropriate period. persons independent of day-to-day custody or
IM1025 Receipts of raw materials are recorded IM198 Goods received are logged; the log is
timely and in the appropriate period. reconciled to receipts input to the inventory
IM1025 Receipts of raw materials are recorded EX141 Goods received are matched on-line or
timely and in the appropriate period. manually with purchase order details and/or
IM1025 Receipts of raw materials are recorded EX151 Management reviews recorded purchases
timely and in the appropriate period. (receipts of goods) based on its knowledge of day-
to-day activity.
IM1025 Receipts of raw materials are recorded EX154 Goods receipt vouchers (proof-of-delivery
timely and in the appropriate period. documentation) are prenumbered; the sequence of
such vouchers is accounted for.
IM1025 Receipts of raw materials are recorded EX178 Goods received at, before, or after the end
timely and in the appropriate period. of an accounting period are scrutinized and/or
reconciled to ensure complete and consistent
IM1025 Receipts of raw materials are recorded EX177 Supplier invoices and credit notes received
timely and in the appropriate period. 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 IM132# Inventory quantities per the inventory
timely and in the appropriate period. management system are regularly reconciled to
IM1025 Receipts of raw materials are recorded EX163# Goods received are batched and batch
timely and in the appropriate period. input data is balanced; out-of-balance batches are
corrected promptly.
IM1025 Receipts of raw materials are recorded EX146# Invoices not matched to goods receipt
timely and in the appropriate period. 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 EX216# Purchase requisitioning, purchasing,
timely and in the appropriate period. 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 IM113 Rejected raw materials are adequately
timely to suppliers. segregated from other raw materials and regularly
monitored to ensure timely return to suppliers.
IM1030 Defective raw materials are returned IM114 Defective raw materials received from
timely to suppliers. 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 IM101 Physical inventory is counted periodically by
production are recorded accurately and in the persons independent of day-to-day custody or
IM2010 All transfers of raw materials to IM209 Inventories received, including transfers, are
production are recorded accurately and in the counted and compared to receipt or transfer
appropriate period. 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 IM116 Raw materials received by production are
production are recorded accurately and in the logged; the log is reconciled to raw material
appropriate period. movement reports that are used to record
IM2010 All transfers of raw materials to IM132# Inventory quantities per the inventory
production are recorded accurately and in the management system are regularly reconciled to
IM3005 All recorded production costs are IM265 When standard costing is used,
consistent with actual direct and indirect management approves the standard costs and
expenses associated with production. 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 IM266 When actual costing is used, costs
consistent with actual direct and indirect associated with raw materials, labor, and overhead
expenses associated with production. are independently reconciled to appropriate
supporting records.
IM3005 All recorded production costs are IM267 When actual costing is used, management
consistent with actual direct and indirect reviews actual costs based on their knowledge of
expenses associated with production. day-to-day activities.
IM3005 All recorded production costs are IM271# Production reports input data is edited and
consistent with actual direct and indirect validated; identified errors are corrected promptly.
expenses associated with production.
IM3010 All direct and indirect expenses IM265 When standard costing is used,
associated with production are recorded as management approves the standard costs and
production costs. reviews variances between actual and standard
IM3010 All direct and indirect expenses IM266 When actual costing is used, costs
associated with production are recorded as associated with raw materials, labor, and overhead
production costs. are independently reconciled to appropriate
supporting records.
IM3010 All direct and indirect expenses IM267 When actual costing is used, management
associated with production are recorded as reviews actual costs based on their knowledge of
production costs. day-to-day activities.
IM3010 All direct and indirect expenses IM271# Production reports input data is edited and
associated with production are recorded as validated; identified errors are corrected promptly.
production costs.
IM3020 All direct and indirect expenses IM265 When standard costing is used,
associated with production are recorded management approves the standard costs and
accurately and in the appropriate period. reviews variances between actual and standard
IM3020 All direct and indirect expenses IM266 When actual costing is used, costs
associated with production are recorded associated with raw materials, labor, and overhead
accurately and in the appropriate period. are independently reconciled to appropriate
supporting records.
IM3020 All direct and indirect expenses IM267 When actual costing is used, management
associated with production are recorded reviews actual costs based on their knowledge of
accurately and in the appropriate period. day-to-day activities.
IM3020 All direct and indirect expenses IM271# Production reports input data is edited and
associated with production are recorded validated; identified errors are corrected promptly.
accurately and in the appropriate period.
IM3045 All transfers of completed units of IM270 Finished goods sent to the warehouse are
production to finished goods inventory are logged; the log is used to ensure that all finished
recorded completely and accurately in the goods are recorded in the inventory records.
appropriate period.
IM3050 All defective products and scrap IM269 Rejected work in progress is adequately
resulting from the production process are valid segregated from other work in progress and is
and recorded completely and accurately in the monitored to ensure it is scrapped or reworked on a
appropriate period. timely basis.
IM3050 All defective products and scrap IM268 Management, based on their knowledge of
resulting from the production process are valid day-to-day activities, reviews records of scrapped
and recorded completely and accurately in the and reworked items and checks whether such items
appropriate period. have been correctly identified and properly recorded
in the appropriate accounting period.
IM4005 Finished goods returned by customers IM101 Physical inventory is counted periodically by
are recorded completely and accurately in the persons independent of day-to-day custody or
IM4005 Finished goods returned by customers IM198 Goods received are logged; the log is
are recorded completely and accurately in the reconciled to receipts input to the inventory
appropriate period. management system that is used to record
IM4005 Finished goods returned by customers EX178 Goods received at, before, or after the end
are recorded completely and accurately in the of an accounting period are scrutinized and/or
appropriate period. reconciled to ensure complete and consistent
IM4005 Finished goods returned by customers IM132# Inventory quantities per the inventory
are recorded completely and accurately in the management system are regularly reconciled to
IM4005 Finished goods returned by customers EX154# Goods receipt vouchers (proof-of-delivery
are recorded completely and accurately in the documentation) are prenumbered; the sequence of
appropriate period. such vouchers is accounted for.
IM4005 Finished goods returned by customers EX163# Goods received are batched and batch
are recorded completely and accurately in the input data is balanced; out-of-balance batches are
appropriate period. corrected promptly.
IM4005 Finished goods returned by customers IM209 Inventories received, including transfers, are
are recorded completely and accurately in the counted and compared to receipt or transfer
IM4005 Finished goods returned by customers EX118# Goods received input data is edited and
are recorded completely and accurately in the validated; identified errors are corrected promptly.
appropriate period.
IM4010 Finished goods received from production IM101 Physical inventory is counted periodically by
are recorded completely and accurately in the persons independent of day-to-day custody or
IM4010 Finished goods received from production IM198 Goods received are logged; the log is
are recorded completely and accurately in the reconciled to receipts input to the inventory
appropriate period. management system that is used to record
IM4010 Finished goods received from production EX178 Goods received at, before, or after the end
are recorded completely and accurately in the of an accounting period are scrutinized and/or
appropriate period. reconciled to ensure complete and consistent
IM4010 Finished goods received from production IM209 Inventories received, including transfers, are
are recorded completely and accurately in the counted and compared to receipt or transfer
IM4010 Finished goods received from production EX154# Goods receipt vouchers (proof-of-delivery
are recorded completely and accurately in the documentation) are prenumbered; the sequence of
appropriate period. such vouchers is accounted for.
IM4010 Finished goods received from production EX163# Goods received are batched and batch
are recorded completely and accurately in the input data is balanced; out-of-balance batches are
appropriate period. corrected promptly.
IM4010 Finished goods received from production EX118# Goods received input data is edited and
are recorded completely and accurately in the validated; identified errors are corrected promptly.
appropriate period.
IM4015 Goods received from production or IM152 Quality control inspections are performed for
returned by customers are only accepted in finished goods returned by customers and/or
accordance with the organization’s policies. received from production to assess whether such
goods should be returned to inventory, reworked, or
scrapped.
IM5005 All shipments are recorded. IM101 Physical inventory is counted periodically by
persons independent of day-to-day custody or
IM5005 All shipments are recorded. 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.
IM5005 All shipments are recorded. 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.
IM5005 All shipments are recorded. IM200 Delivery notes are sequentially numbered;
the sequence of delivery notes processed is
accounted for.
IM5005 All shipments are recorded. RE814 Orders are sequentially numbered. The
sequence of orders processed is accounted for.
IM5005 All shipments are recorded. 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.
IM5005 All shipments are recorded. IM132# Inventory quantities per the inventory
IM5005 All shipments are recorded. IM102# Security personnel monitor all incoming and
outgoing vehicles and ensure all goods leaving the
returned note).
IM5010 Shipments are recorded accurately. IM101 Physical inventory is counted periodically by
persons independent of day-to-day custody and
IM5010 Shipments are recorded accurately. RE826 Management reviews relevant sales,
accounts receivable, cost of sales, and inventory
IM5010 Shipments are recorded accurately. 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.
IM5010 Shipments are recorded accurately. IM132# Inventory quantities per the inventory
IM5010 Shipments are recorded accurately. IM300# Sales order entry, shipping, and invoice
processing are performed by an integrated
transactions.
IM5010 Shipments are recorded accurately. IM135# Bar code scanners are used to input actual
inventory picking and storage locations and
quantities; differences from picking and storage
instructions are investigated.
IM5010 Shipments are recorded accurately. RE516# Shipping transaction input data is edited
and validated; identified errors are corrected
promptly.
IM5010 Shipments are recorded accurately. RE808# Data transferred from the order entry
subsystem to the shipping and invoicing
subsystems is balanced; identified errors are
corrected promptly.
IM5010 Shipments are recorded accurately. 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 IM101 Physical inventory is counted periodically by
the appropriate period. persons independent of day-to-day custody or
IM5015 Shipments are recorded timely and in IM204 Goods shipped at, before, or after the end of
the appropriate period. 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 IM132# Inventory quantities per the inventory
the appropriate period. management system are regularly reconciled to
IM5015 Shipments are recorded timely and in IM300# Sales order entry, shipping, and invoice
the appropriate period. processing are performed by an integrated
transactions.
IM5020 Inventory is relieved only when goods RE101 Before goods are shipped, the details of the
are shipped with approved customer orders. 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 IM102# Security personnel monitor all incoming and
are shipped with approved customer orders. outgoing vehicles and ensure all goods leaving the
returned note).
IM5020 Inventory is relieved only when goods IM101# Physical inventory is counted periodically
are shipped with approved customer orders. by persons independent of day-to-day custody or
IM5025 Costs of shipped inventory are RE826 Management reviews relevant sales,
transferred from inventory to cost of sales. accounts receivable, cost of sales, and inventory
IM5030 Costs of shipped inventory are recorded RE826 Management reviews relevant sales,
accurately. accounts receivable, cost of sales, and inventory
IM5035 Amounts posted to cost of sales RE826 Management reviews relevant sales,
represent those associated with shipped accounts receivable, cost of sales, and inventory
inventory. reports related to order entry, shipping, invoicing,
IM5040 Costs of shipped inventory are RE826 Management reviews relevant sales,
transferred from inventory to cost of sales timely accounts receivable, cost of sales, and inventory
and in the appropriate period. reports related to order entry, shipping, invoicing,
IM6005 Only valid changes are made to the IM250# Inventory master file data is periodically
inventory management master file. reviewed by management for accuracy and ongoing
pertinence.
IM6005 Only valid changes are made to the IM252 Recorded changes to inventory master file
inventory management master file. data are compared to authorized source documents
to ensure that they were input accurately.
IM6005 Only valid changes are made to the IM256# List prices of composed products are
inventory management master file. automatically calculated based on the list prices of
components of such products.
IM6005 Only valid changes are made to the IM253# Significant changes to the inventory master
inventory management master file. file are approved by management.
IM6010 All valid changes to the inventory IM250# Inventory master file data is periodically
management master file are input and reviewed by management for accuracy and ongoing
processed. pertinence.
IM6010 All valid changes to the inventory IM254 Requests to change inventory master file
management master file are input and data are logged; the log is reviewed to ensure that
processed. all requested changes are processed timely.
IM6010 All valid changes to the inventory IM255 Requests to change inventory master file
management master file are input and data are submitted on prenumbered forms; the
processed. numerical sequence of such forms is accounted for
to ensure that all requested changes are processed
timely.
IM6010 All valid changes to the inventory IM256# List prices of composed products are
management master file are input and automatically calculated based on the list prices of
processed. components of such products.
IM6015 Changes to the inventory management IM250# Inventory master file data is periodically
master file are accurate. reviewed by management for accuracy and ongoing
pertinence.
IM6015 Changes to the inventory management IM252 Recorded changes to inventory master file
master file are accurate. data are compared to authorized source documents
to ensure that they were input accurately.
IM6015 Changes to the inventory management IM256# List prices of composed products are
master file are accurate. automatically calculated based on the list prices of
IM6015 Changes to the inventory management IM257# Inventory master file input data is edited
master file are accurate. and validated; identified errors are corrected
promptly.
IM6020 Changes to the inventory management IM250# Inventory master file data is periodically
master file are processed timely. reviewed by management for accuracy and ongoing
pertinence.
IM6020 Changes to the inventory management IM254 Requests to change inventory master file
master file are processed timely. data are logged; the log is reviewed to ensure that
all requested changes are processed timely.
IM6020 Changes to the inventory management IM255 Requests to change inventory master file
master file are processed timely. 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 IM256# List prices of composed products are
master file are processed timely. automatically calculated based on the list prices of
IM6025 Inventory management master file IM250# Inventory master file data is periodically
remains pertinent. reviewed by management for accuracy and ongoing
pertinence.
IM6025 Inventory management master file IM100# The salability of finished goods and
remains pertinent. usability of raw materials are assessed regularly,
including a review during physical inventory counts.
Pivot Inventory Management
Rijlabels
IM0005 Inventory is salable or usable.
IM100 The salability of finished goods and usability of raw materials are assessed regularly including
IM110# Inventory aging reports are prepared and analyzed regularly.
IM111# Inventory is stored in properly secured and environmentally conditioned warehouse location
IM113# Rejected raw materials are adequately segregated from other raw materials and regularly m
IM131# Management monitors the adequacy and appropriateness of inventory levels.
IM136# Rejected finished goods are adequately segregated from other finished goods and are moni
IM144# System functionality monitors and maintains inventory levels in accordance with organizatio
IM202# Obsolete, excess, and damaged inventories are adequately segregated from other finished
IM0010 Inventory is adequately safeguarded.
EX150# Goods are delivered only to designated, physically secure locations within a warehouse or s
IM102# Security personnel monitor all incoming and outgoing vehicles and ensure all goods leaving
IM111 Inventory is stored in properly secured and environmentally conditioned warehouse locations
IM0015 Adjustments to inventory prices or quantities relate to valid price changes and physical invent
IM101# Physical inventory is counted periodically by persons independent of day-to-day custody or
IM128 All inventory adjustments are compared to authorized source documents to ensure that they
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 a
IM0020 All adjustments to inventory prices or quantities are recorded.
IM132# Inventory quantities per the inventory management system are regularly reconciled to quan
IM210# Inventory adjustment forms are sequentially pre-numbered; the sequence of such forms is a
IM0025 Adjustments to inventory prices or quantities are recorded timely and in the appropriate perio
IM125# If a nil pick or short pick occurs, or if the inventory system shows that a storage location is e
IM0030 Adjustments to inventory prices or quantities are recorded accurately.
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
IM0045 Inventory reflects the existing business circumstances and economic conditions in accordance
No control activities and related tests of controls have been included in the database for this contro
IM0050 Financial information is appropriately presented, and all information that is necessary for fair
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
EX141 Goods received are matched on-line or manually with purchase order details and/or invoices;
IM1015 Raw materials received are recorded accurately.
EX118# Goods received input data is edited and validated; identified errors are corrected promptly.
EX151 Management reviews recorded purchases (receipts of goods) based on its knowledge of day-
EX163# Goods received are batched and batch input data is balanced; out-of-balance batches are c
EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functio
IM101 Physical inventory is counted periodically by persons independent of day-to-day custody or re
IM198 Goods received are logged; the log is reconciled to receipts input to the inventory manageme
IM1020 All raw materials received are recorded.
EX146 Invoices not matched to goods receipt notes (or other appropriate supporting documentation
EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence o
IM139 Supplier statements are reconciled to goods receipt records regularly.
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 documentatio
EX154 Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence o
EX177 Supplier invoices and credit notes received at, before, or after the end of an accounting perio
EX178 Goods received at, before, or after the end of an accounting period are scrutinized and/or rec
EX216# Purchase requisitioning, purchasing, inventory management, and accounts payable functio
IM1030 Defective raw materials are returned timely to suppliers.
IM113 Rejected raw materials are adequately segregated from other raw materials and regularly mo
IM114 Defective raw materials received from suppliers are logged; the log is monitored to ensure th
IM2010 All transfers of raw materials to production are recorded accurately and in the appropriate per
IM116 Raw materials received by production are logged; the log is reconciled to raw material movem
IM209 Inventories received, including transfers, are counted and compared to receipt or transfer do
IM3005 All recorded production costs are consistent with actual direct and indirect expenses associate
IM265 When standard costing is used, management approves the standard costs and reviews varian
IM266 When actual costing is used, costs associated with raw materials, labor, and overhead are ind
IM267 When actual costing is used, management reviews actual costs based on their knowledge of
IM271# Production reports input data is edited and validated; identified errors are corrected prompt
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
IM3045 All transfers of completed units of production to finished goods inventory are recorded comple
IM270 Finished goods sent to the warehouse are logged; the log is used to ensure that all finished g
IM3050 All defective products and scrap resulting from the production process are valid and recorded
IM268 Management, based on their knowledge of day-to-day activities, reviews records of scrapped
IM269 Rejected work in progress is adequately segregated from other work in progress and is monit
IM4005 Finished goods returned by customers are recorded completely and accurately in the appropr
EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence
IM4010 Finished goods received from production are recorded completely and accurately in the appro
EX154# Goods receipt vouchers (proof-of-delivery documentation) are prenumbered; the sequence
IM4015 Goods received from production or returned by customers are only accepted in accordance w
IM152 Quality control inspections are performed for finished goods returned by customers and/or re
IM5005 All shipments are recorded.
IM200 Delivery notes are sequentially numbered; the sequence of delivery notes processed is accou
IM300 Sales order entry, shipping, and invoice processing are performed by an integrated applicatio
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 repor
RE837 Shipments of goods to customers are logged. The log is used to ensure that all shipments ar
IM5010 Shipments are recorded accurately.
IM101 Physical inventory is counted periodically by persons independent of day-to-day custody and
IM135# Bar code scanners are used to input actual inventory picking and storage locations and qua
IM300# Sales order entry, shipping, and invoice processing are performed by an integrated applicat
RE200 Data input to the invoicing subsystem is compared to priced order and shipment data per the
RE516# Shipping transaction input data is edited and validated; identified errors are corrected prom
RE808# Data transferred from the order entry subsystem to the shipping and invoicing subsystems
RE826 Management reviews relevant sales, accounts receivable, cost of sales, and inventory report
RE831# Shipment data and/or backorders are input in batches. Batches are balanced and out-of-ba
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 reco
IM300# Sales order entry, shipping, and invoice processing are performed by an integrated applicat
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 pr
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 ap
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 ongoin
IM252 Recorded changes to inventory master file data are compared to authorized source documen
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 com
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
IM255 Requests to change inventory master file data are submitted on prenumbered forms; the num
IM6015 Changes to the inventory management master file are accurate.
IM252 Recorded changes to inventory master file data are compared to authorized source documen
IM257# Inventory master file input data is edited and validated; identified errors are corrected prom
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
IM255 Requests to change inventory master file data are submitted on prenumbered forms; the num
IM6025 Inventory management master file remains pertinent.
IM100# The salability of finished goods and usability of raw materials are assessed regularly, includ
Eindtotaal
ed once matched or on payment of the invoice to prevent reuse.

ry (e.g., production, finished goods storage) and are recorded in the appropriate period.
nagement.
nagement.
nagement.
PR1010 Additions to the payroll master files PR115# Payroll master file data is periodically reviewed for
represent valid employees. accuracy and ongoing pertinence.
PR1010 Additions to the payroll master files PR120 Departmental managers periodically review listings of
represent valid employees. current employees within their departments and notify the
personnel department of necessary changes.
PR1010 Additions to the payroll master files PR159 Recorded changes to the payroll master files are
represent valid employees. compared to authorized source documents to ensure that they
were input accurately.
PR1010 Additions to the payroll master files PR110# Significant changes to the payroll master files are
represent valid employees. approved by management.
PR1015 All new employees are added to the PR115# Payroll master file data is periodically reviewed for
payroll master files. accuracy and ongoing pertinence.
PR1015 All new employees are added to the PR120 Departmental managers periodically review listings of
payroll master files. current employees within their departments and notify the
PR1015 All new employees are added to the PR160# Requests to change the payroll master file data are
payroll master files. logged; the log is reviewed to ensure that all requested changes
are processed timely.
PR1015 All new employees are added to the PR161# Requests to change the payroll master file data are
payroll master files. submitted on prenumbered forms; the numerical sequence of
PR1015 All new employees are added to the PR140# Variations between payroll master files and the time
payroll master files. recording system are investigated and appropriate action taken
if necessary.
PR1020 Terminated employees are removed PR115# Payroll master file data is periodically reviewed for
from the payroll master files. accuracy and ongoing pertinence.
PR1020 Terminated employees are removed PR120 Departmental managers periodically review listings of
from the payroll master files. current employees within their departments and notify the
PR1020 Terminated employees are removed PR160# Requests to change the payroll master file data are
from the payroll master files. logged; the log is reviewed to ensure that all requested changes
PR1020 Terminated employees are removed PR161# Requests to change the payroll master file data are
from the payroll master files. submitted on prenumbered forms; the numerical sequence of
PR1020 Terminated employees are removed PR140# Variations between payroll master files and the time
from the payroll master files. recording system are investigated and appropriate action taken
if necessary.
PR1025 Employees are only terminated PR135 Compliance with employee termination policies and
within statutory and union requirements. procedures, including compliance with statutory regulation and
union requirements, is monitored by management.
PR1025 Employees are only terminated PR211# Management monitors compliance with all significant
within statutory and union requirements. 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.
PR1030 Deletions from the payroll master PR115# Payroll master file data is periodically reviewed for
files represent valid terminations. accuracy and ongoing pertinence.
PR1030 Deletions from the payroll master PR120 Departmental managers periodically review listings of
files represent valid terminations. current employees within their departments and notify the
PR1030 Deletions from the payroll master PR159 Recorded changes to the payroll master files are
files represent valid terminations. compared to authorized source documents to ensure that they
PR1030 Deletions from the payroll master PR110# Significant changes to the payroll master files are
files represent valid terminations. approved by management.
PR2005 Time and attendance data recorded PR128 Salary and hourly payroll reports (including
reflects actual time worked and is authorized. compensation and withholding information) are reviewed and
approved by management prior to disbursement.
PR2005 Time and attendance data recorded PR127 Time recording and attendance exceptions based on
reflects actual time worked and is authorized. expectations established by management are identified,
monitored, and corrected.
PR2005 Time and attendance data recorded PR126# Overtime hours worked and payments for such
reflects actual time worked and is authorized. overtime are authorized by management for all salaried
employees who are paid for overtime.
PR2005 Time and attendance data recorded PR125# Hourly employees record time worked using a time
reflects actual time worked and is authorized. clock; employee time cards are approved by management.
PR2015 All time worked is input. PR141 Time reported by employees is reconciled regularly
between clock cards/timesheets and payroll reports.
PR2015 All time worked is input. PR139# All payroll queries are followed up by persons
independent of the payroll preparation and disbursement
process.
PR2015 All time worked is input. PR170# Time cards are batched for data entry and batch input
data (hash totals) is balanced; out-of-balance batches are
corrected promptly.
PR2020 Time worked is accurately input and PR141 Time reported by employees is reconciled regularly
processed. between clock cards/timesheets and payroll reports.
PR2020 Time worked is accurately input and PR170# Time cards are batched for data entry and batch input
processed. data (hash totals) is balanced; out-of-balance batches are
corrected promptly.
PR2020 Time worked is accurately input and PR136# Payroll input data is edited and validated; identified
processed. errors are corrected promptly.
PR2025 Time worked is processed timely. PR141 Time reported by employees is reconciled regularly
between clock cards/timesheets and payroll reports.
PR2025 Time worked is processed timely. PR138# Compliance with the payroll disbursement processing
schedule is monitored by management.
PR3010 Payroll is recorded in the appropriate PR144 Payroll transactions at, before, or after the end of an
period. accounting period are scrutinized and/or reconciled to ensure
complete and consistent recording in the appropriate accounting
period.
PR3010 Payroll is recorded in the appropriate PR138# Compliance with the payroll disbursement processing
period. schedule is monitored by management.
PR3010 Payroll is recorded in the appropriate PR201# The detailed payroll records show all pertinent data
period. 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.
PR3020 Payroll (including compensation and PR128 Salary and hourly payroll reports (including
withholdings) is accurately calculated and compensation and withholding information) are reviewed and
recorded. approved by management prior to disbursement.
PR3020 Payroll (including compensation and PR146 Standard programmed algorithms perform significant
withholdings) is accurately calculated and payroll calculations.
recorded.
PR3020 Payroll (including compensation and PR126# Overtime hours worked and payments for such
withholdings) is accurately calculated and overtime are authorized by management for all salaried
recorded. employees who are paid for overtime.
PR3020 Payroll (including compensation and PR201# The detailed payroll records show all pertinent data
withholdings) is accurately calculated and describing the payroll (including total compensation, related
recorded. 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.
PR3025 Payroll related accruals/provisions PR199 All payroll suspense accounts are reconciled and
reflect the existing business circumstances reviewed by management or other supervisory personnel on a
and economic conditions in accordance with timely basis. Transactions recorded in the payroll suspense
the accounting policies being used. accounts are proper suspense items; other items are
investigated and resolved in a timely manner.
PR3030 Financial information is not No control activities and related tests of controls have been
presented in a misleading way, and all included in the database for this control objective as it is usually
information that is necessary for fair more effective and efficient to perform an intermediate or
presentation and compliance with focused level of substantive testing.
professional standards or legal requirements
is disclosed.
PR4005 Payroll disbursements and recorded PR128 Salary and hourly payroll reports (including
payroll expenses relate to actual time compensation and withholding information) are reviewed and
worked. approved by management prior to disbursement.
PR4005 Payroll disbursements and recorded PR141# Time reported by employees is reconciled regularly
payroll expenses relate to actual time between clock cards/timesheets and payroll reports.
worked.
PR4005 Payroll disbursements and recorded PR126# Overtime hours worked and payments for such
payroll expenses relate to actual time overtime are authorized by management for all salaried
worked. employees who are paid for overtime.
PR4010 Payroll is disbursed to appropriate PR139# All payroll queries are followed up by persons
employees. independent of the payroll preparation and disbursement
process.
PR4010 Payroll is disbursed to appropriate PR104# Access to the payroll bank transfer tape is restricted to
employees. authorized personnel.
PR4010 Payroll is disbursed to appropriate PR155# Employees sign for cash received; compliance is
employees. monitored by management.
PR5005 Only valid changes are made to the PR115# Payroll master file data is periodically reviewed for
payroll master files. accuracy and ongoing pertinence.
PR5005 Only valid changes are made to the PR120 Departmental managers periodically review listings of
payroll master files. current employees within their departments and notify the
PR5005 Only valid changes are made to the PR159 Recorded changes to the payroll master files are
payroll master files. compared to authorized source documents to ensure that they
PR5005 Only valid changes are made to the PR110# Significant changes to the payroll master files are
payroll master files. approved by management.
PR5005 Only valid changes are made to the PR100# The ability to view, modify, or transfer information
payroll master files. contained in the payroll master files is restricted to authorized
personnel.
PR5010 All valid changes to the payroll PR115# Payroll master file data is periodically reviewed for
master files are input and processed. accuracy and ongoing pertinence.
PR5010 All valid changes to the payroll PR120 Departmental managers periodically review listings of
master files are input and processed. current employees within their departments and notify the
PR5010 All valid changes to the payroll PR160 Requests to change the payroll master file data are
master files are input and processed. logged; the log is reviewed to ensure that all requested changes
PR5010 All valid changes to the payroll PR161 Requests to change the payroll master file data are
master files are input and processed. submitted on prenumbered forms; the numerical sequence of
PR5015 Changes to the payroll master files PR115# Payroll master file data is periodically reviewed for
are accurate. accuracy and ongoing pertinence.
PR5015 Changes to the payroll master files PR120 Departmental managers periodically review listings of
are accurate. current employees within their departments and notify the
PR5015 Changes to the payroll master files PR159 Recorded changes to the payroll master files are
are accurate. compared to authorized source documents to ensure that they
PR5015 Changes to the payroll master files PR162# Payroll master file data is edited and validated;
are accurate. identified errors are corrected promptly.
PR5020 Changes to the payroll master files PR115# Payroll master file data is periodically reviewed for
are processed timely. accuracy and ongoing pertinence.
PR5020 Changes to the payroll master files PR120 Departmental managers periodically review listings of
are processed timely. current employees within their departments and notify the
PR5020 Changes to the payroll master files PR160 Requests to change the payroll master file data are
are processed timely. logged; the log is reviewed to ensure that all requested changes
PR5020 Changes to the payroll master files PR161 Requests to change the payroll master file data are
are processed timely. submitted on prenumbered forms; the numerical sequence of
PR5025 Payroll master files data remains PR115# Payroll master file data is periodically reviewed for
pertinent. accuracy and ongoing pertinence.
PR5025 Payroll master files data remains PR120 Departmental managers periodically review listings of
pertinent. current employees within their departments and notify the
PR5025 Payroll master files data remains PR140# Variations between payroll master files and the time
pertinent. recording system are investigated and appropriate action taken
if necessary.
PR5030 Only valid changes are made to the PR116# The payroll withholding table data is periodically
payroll withholding tables. reviewed by management for accuracy and ongoing pertinence.
PR5030 Only valid changes are made to the PR164 Changes to the payroll withholding tables are compared
payroll withholding tables. to authorized source documents to ensure that they were input
accurately.
PR5030 Only valid changes are made to the PR111 Changes to the payroll withholding tables are approved
payroll withholding tables. by management.
PR5030 Only valid changes are made to the PR101# Access to the payroll withholding tables is restricted to
payroll withholding tables. authorized personnel.
PR5035 All valid changes to the payroll PR116# The payroll withholding table data is periodically
withholding tables are input and processed. reviewed by management for accuracy and ongoing pertinence.
PR5035 All valid changes to the payroll PR165 Requests to change the payroll withholding table data
withholding tables are input and processed. are logged; the log is reviewed to ensure that all requested
PR5035 All valid changes to the payroll PR167 Requests to change the payroll withholding table data
withholding tables are input and processed. are submitted on prenumbered forms; the numerical sequence
of such forms is accounted for to ensure that all requested
PR5040 Changes to the payroll withholding PR116# The payroll withholding table data is periodically
tables are accurate. reviewed by management for accuracy and ongoing pertinence.
PR5040 Changes to the payroll withholding PR164 Changes to the payroll withholding tables are compared
tables are accurate. to authorized source documents to ensure that they were input
accurately.
PR5040 Changes to the payroll withholding PR166# Payroll withholding table data is edited and validated;
tables are accurate. identified errors are corrected promptly.
PR5045 Changes to the payroll withholding PR116# The payroll withholding table data is periodically
tables are processed timely. reviewed by management for accuracy and ongoing pertinence.
PR5045 Changes to the payroll withholding PR165 Requests to change the payroll withholding table data
tables are processed timely. are logged; the log is reviewed to ensure that all requested
PR5045 Changes to the payroll withholding PR167 Requests to change the payroll withholding table data
tables are processed timely. are submitted on prenumbered forms; the numerical sequence
of such forms is accounted for to ensure that all requested
PR5050 Payroll withholding table data PR116# The payroll withholding table data is periodically
remains pertinent. reviewed by management for accuracy and ongoing pertinence.
PR5055 Statutory withholding tables are PR168 Payroll withholding table data is periodically reviewed for
consistent with statutory requirements. compliance with statutory requirements.
Pivot PP
Rijlabels
PR1010 Additions to the payroll master files represent valid employees.
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 departm
PR159 Recorded changes to the payroll master files are compared to authorized source documents
PR1015 All new employees are added to the payroll master files.
PR140# Variations between payroll master files and the time recording system are investigated and
PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure th
PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the
PR1020 Terminated employees are removed from the payroll master files.
PR160# Requests to change the payroll master file data are logged; the log is reviewed to ensure th
PR161# Requests to change the payroll master file data are submitted on prenumbered forms; the
PR1025 Employees are only terminated within statutory and union requirements.
PR135 Compliance with employee termination policies and procedures, including compliance with st
PR211# Management monitors compliance with all significant policies concerning personnel and com
PR1030 Deletions from the payroll master files represent valid terminations.
PR2005 Time and attendance data recorded reflects actual time worked and is authorized.
PR125# Hourly employees record time worked using a time clock; employee time cards are approve
PR126# Overtime hours worked and payments for such overtime are authorized by management fo
PR127 Time recording and attendance exceptions based on expectations established by manageme
PR128 Salary and hourly payroll reports (including compensation and withholding information) are r
PR2015 All time worked is input.
PR139# All payroll queries are followed up by persons independent of the payroll preparation and d
PR141 Time reported by employees is reconciled regularly between clock cards/timesheets and pay
PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-o
PR2020 Time worked is accurately input and processed.
PR136# Payroll input data is edited and validated; identified errors are corrected promptly.
PR170# Time cards are batched for data entry and batch input data (hash totals) is balanced; out-o
PR2025 Time worked is processed timely.
PR138# Compliance with the payroll disbursement processing schedule is monitored by manageme
PR3010 Payroll is recorded in the appropriate period.
PR138# Compliance with the payroll disbursement processing schedule is monitored by manageme
PR144 Payroll transactions at, before, or after the end of an accounting period are scrutinized and/o
PR201# The detailed payroll records show all pertinent data describing the payroll (including total c
PR3020 Payroll (including compensation and withholdings) is accurately calculated and recorded.
PR146 Standard programmed algorithms perform significant payroll calculations.
PR201# The detailed payroll records show all pertinent data describing the payroll (including total c
PR3025 Payroll related accruals/provisions reflect the existing business circumstances and economic c
PR199 All payroll suspense accounts are reconciled and reviewed by management or other supervis
PR3030 Financial information is not presented in a misleading way, and all information that is necessa
PR4005 Payroll disbursements and recorded payroll expenses relate to actual time worked.
PR141# Time reported by employees is reconciled regularly between clock cards/timesheets and pa
PR4010 Payroll is disbursed to appropriate employees.
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 d
PR155# Employees sign for cash received; compliance is monitored by management.
PR5005 Only valid changes are made to the payroll master files.
PR100# The ability to view, modify, or transfer information contained in the payroll master files is re
PR5010 All valid changes to the payroll master files are input and processed.
PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure tha
PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the nu
PR5015 Changes to the payroll master files are accurate.
PR162# Payroll master file data is edited and validated; identified errors are corrected promptly.
PR5020 Changes to the payroll master files are processed timely.
PR160 Requests to change the payroll master file data are logged; the log is reviewed to ensure tha
PR161 Requests to change the payroll master file data are submitted on prenumbered forms; the nu
PR5025 Payroll master files data remains pertinent.
PR5030 Only valid changes are made to the payroll withholding tables.
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 an
PR164 Changes to the payroll withholding tables are compared to authorized source documents to e
PR5035 All valid changes to the payroll withholding tables are input and processed.
PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensu
PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms;
PR5040 Changes to the payroll withholding tables are accurate.
PR164 Changes to the payroll withholding tables are compared to authorized source documents to e
PR166# Payroll withholding table data is edited and validated; identified errors are corrected promp
PR5045 Changes to the payroll withholding tables are processed timely.
PR165 Requests to change the payroll withholding table data are logged; the log is reviewed to ensu
PR167 Requests to change the payroll withholding table data are submitted on prenumbered forms;
PR5050 Payroll withholding table data remains pertinent.
PR5055 Statutory withholding tables are consistent with statutory requirements.
PR168 Payroll withholding table data is periodically reviewed for compliance with statutory requirem
Eindtotaal
pursued to proper resolution.
ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are in
ledger accounts or entries by persons who do not have unrestricted access to cash. All reconciling items are in
nd resolved in a timely manner.

conciling items are investigated and cleared on a timely basis.
conciling items are investigated and cleared on a timely basis.

Interne controle doelstelling
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.
accurately.
accurately.

accurately.

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.
processed.
processed.
processed.
RE3070 Only valid orders are input and processed.

RE5010 Invoices are generated using authorized terms and

prices.

prices.

prices.

prices.

prices.

prices.
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.
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.
valid adjustments.
valid adjustments.
RE5080 All invoices issued are recorded.
RE5085 All credit notes issued are recorded.
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.

they are received.

they are received.
they are received.

they are received.
RE6030 Cash receipts data is entered for processing

accurately.

accurately.

accurately.
accurately.
accurately.
accurately.

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
RE6060 Cash discounts are accurately calculated and

recorded
RE6090 Timely collection of accounts receivable is
monitored.
RE6090 Timely collection of accounts receivable is

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

master file.

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.

timely.
timely.
RE7050 Customer master file data remains pertinent.

Interne beheersingsmaatregelen
RE800 Orders are not processed if the customer’s credit
limit will be exceeded.
RE523# Customers’ financial position and creditworthiness
are monitored.
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.
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.
RE814 Orders are sequentially numbered. The sequence
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.
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
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

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
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

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

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
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
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, including raising and recording of the
related invoices.
RE204 Credit notes are sequentially prenumbered; the
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.
RE995# General ledger balances are reconciled to the
accounts receivable subsidiary ledger and differences are
resolved in a timely manner.
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;
RE910# Cash receipts transactions are batched and batch
promptly.
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.

ledger regularly.
RE910# Cash receipts transactions are batched and batch
promptly.
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.

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

RE506 Requests to change customer master file data are

logged; the log is reviewed to ensure that all requested
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


logged; the log is reviewed to ensure that all requested
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.
Pivot Revenu
Rijlabels
RE3010 Orders are only processed within approved customer credit limits.
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
RE3020 Orders are approved by management as to prices and terms of sale.
RE802 Sales orders and/or invoices terms and prices are based on an approved price list. Exception
RE824 Significant or unusual sales orders are specifically approved by management as to prices and
RE3030 Orders and cancellations of orders are input accurately.
RE804# Order entry and order cancellation data is edited and validated; identified errors are correc
RE805 Recorded orders and cancellations are confirmed with customers.
RE806 Recorded order entry and order cancellation data is compared to source documents by an ind
RE807 Customers enter and/or cancel orders automatically using EDI protocols.
RE825# Order cancellation data is matched to the original order.
RE3040 Order entry data is transferred completely and accurately to the shipping and invoicing activi
RE808 Data transferred from the order entry subsystem to the shipping and invoicing subsystems is
RE814# Orders are sequentially numbered. The sequence of orders processed is accounted for.
RE3060 All orders received from customers are input and processed.
RE805# Recorded orders and cancellations are confirmed with customers.
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 batc
RE805 Recorded orders and cancellations are confirmed with customers.
RE814# Orders are sequentially numbered. The sequence of orders processed is accounted for.
RE5010 Invoices are generated using authorized terms and prices.
RE220 The system maintains both current and prior approved prices. Orders and invoices are price
RE802 Sales orders and/or invoice terms and prices are based on an approved price list. Exceptions
RE824# Significant or unusual sales orders are specifically approved by management as to prices a
IM204 Goods shipped at, before, or after the end of an accounting period are scrutinized and/or reco
RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regular
RE50120 Credit notes issued are recorded in the appropriate period.
IM205 Goods returned by customers at, before, or after the end of an accounting period are scrutini
RE204 Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.
RE50130 Accounts Receivable reflect the existing business circumstances and economic conditions in
RE211 Management reviews and approves the allowance for doubtful debts.
RE50140 Sales and Accounts Receivable information is appropriately presented, and all information th
RE202# Invoice and credit note data is edited and validated; identified errors are corrected prompt
RE213# Invoice and credit note input data is balanced; out-of-balance batches are corrected promp
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 standa
RE5030 Credit notes and adjustments to accounts receivable are accurately calculated and recorded.
RE202# Invoice and credit note data is edited and validated; identified errors are corrected prompt
RE210 Management approves credit notes, bad debt write-offs, and other adjustments to accounts r
RE213# Invoice and credit note input data is balanced; out-of-balance batches are corrected promp
RE214# Management monitors the nature, volume, and amounts of recorded credit notes, write-offs
RE835# All returned goods are logged when received. The log details such items as customers, goo
IM204# Goods shipped at, before, or after the end of an accounting period are scrutinized and/or re
IM259 Goods on consignment are confirmed regularly and the statements are reconciled to inventor
RE5050 Credit notes for all goods returned and adjustments to accounts receivable are issued in acco
RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this
RE835 All returned goods are logged when received. The log details such items as customers, good
IM201# Signed delivery notes (proof of delivery) are received from customers for all shipments mad
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.
RE5070 All credit notes relate to a return of goods or other valid adjustments.
RE203 A policy has been established regarding criteria for issuing credit notes; compliance with this
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, goo
RE115# Recorded sales, gross margins, and miscellaneous receipts are compared to budget regular
RE815 Invoices are sequentially prenumbered. The sequence of invoices processed is accounted fo
RE204 Credit notes are sequentially prenumbered; the sequence of credit notes is accounted for.
RE6020 Cash receipts are recorded in the period in which they are received.
RE215 Cash receipts at, before, or after the end of an accounting period are scrutinized and/or recon
RE839 Cash sales are recorded using a cash register. Customers are provided with a copy of the re
RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer
RE900 Bank statements are reconciled to the general ledger regularly.
RE995# General ledger balances are reconciled to the accounts receivable subsidiary ledger and dif
RE6030 Cash receipts data is entered for processing accurately.
RE840 Shipment of goods ordered via EDI initiates an automatic draft withdrawal from the customer
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 ba
RE840 Shipment of goods ordered via EDI initiates an automatic draft on the customer’s account.
RE910# Cash receipts transactions are batched and batch input data is balanced; out-of-balance ba
RE912 Customers are provided with a form acknowledging receipt of any cash payments (i.e., a cas
RE6050 Cash receipts data is valid and is entered for processing only once.
RE912# Customers are provided with a form acknowledging receipt of any cash payments (i.e., a ca
RE6060 Cash discounts are accurately calculated and recorded
RE915 Available cash discounts are automatically calculated by the application system using standa
RE916 Management reviews the level of recorded discounts granted to customers.
RE6090 Timely collection of accounts receivable is monitored.
RE100# Accounts receivable aging reports are prepared regularly and analyzed.
RE111 Collection procedures established by management for overdue accounts are performed as in
RE7010 Only valid changes are made to the customer master file.
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 documen
RE531# Customer master file data is periodically reviewed by management for accuracy and ongoin
RE7020 All valid changes to the customer master file are input and processed.
RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that
RE543 Requests to change customer master file data are submitted on prenumbered forms; the num
RE504 Recorded changes to customer master file data are compared to authorized source documen
RE507# Customer master file input data is edited and validated; identified errors are corrected prom
RE7040 Changes to the customer master file are processed timely.
RE506 Requests to change customer master file data are logged; the log is reviewed to ensure that
RE543 Requests to change customer master file data are submitted on prenumbered forms; the num
RE509# Reports of customers who have not placed orders within a specified period of time are revie
Eindtotaal
by management.
by management.
ssued in the correct period and in accordance with company policy.
sued in the correct period and in accordance with company policy.
ssued in the correct period and in accordance with company policy.

uence of such forms is accounted for.
equence of such forms is accounted for.

FA0505 Recorded fixed asset acquisitions represent fixed assets
acquired by the organization.
FA0515 Fixed asset acquisitions are accurately recorded.
FA0520 Fixed asset acquisitions are recorded in the appropriate
period.
FA0525 All fixed asset acquisitions are recorded.
FA1005 Depreciation charges are valid.
FA1010 Depreciation charges are accurately calculated and
recorded.
FA1020 All depreciation charges are recorded in the appropriate
period.
FA1510 Recorded fixed asset disposals represent actual
disposals.
FA1515 All fixed asset disposals are recorded.
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.
FA2010 Fixed assets are adequately safeguarded.
FA2015 Fixed asset maintenance records are updated timely.
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
FA2525 Fixed asset register and/or master file data remains
pertinent.
TR0505 Recorded debt represents a valid liability of the
organization.
TR0510 Borrowings are recorded accurately as to amounts
and terms.
TR0515 All borrowings are recorded.
TR0520 Borrowings are recorded in the appropriate period.
TR0525 All interest is accurately calculated and 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.
TR0550 Loans are repaid in accordance with the terms of the
loan.
TR0555 The organization complies with loan covenants.
TR1505 Recorded investments represent assets of the
organization.
TR1510 Investment purchases, sales, and maturities are
accurately recorded.
TR1515 All investment transactions are recorded.
TR1520 Investment transactions are recorded in the
appropriate period.
TR1525 All investment income is accurately calculated and
TR1530 Loans and investments reflect the existing business
circumstances and economic conditions in accordance with the
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.
TR2020 Derivative transactions are accurately recorded.
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

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EX3015 Disbursements are distributed EX130# Management reviews supporting documentation

ed once matched or on payment of the invoice to prevent reuse.

ed once matched or on payment of the invoice to prevent reuse.

nd resolved in a timely manner.

conciling items are investigated and cleared on a timely basis.

RE3020 Orders are approved by management as to prices

RE3020 Orders are approved by management as to prices

RE3030 Orders and cancellations of orders are input

RE3030 Orders and cancellations of orders are input

RE3030 Orders and cancellations of orders are input

RE3040 Order entry data is transferred completely and

RE3070 Only valid orders are input and processed.

RE3070 Only valid orders are input and processed.

RE3070 Only valid orders are input and processed.

RE5010 Invoices are generated using authorized terms and

RE5010 Invoices are generated using authorized terms and

RE5010 Invoices are generated using authorized terms and

RE5010 Invoices are generated using authorized terms and

RE5010 Invoices are generated using authorized terms and

RE5010 Invoices are generated using authorized terms and

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.

RE5030 Credit notes and adjustments to accounts

RE5030 Credit notes and adjustments to accounts

RE5030 Credit notes and adjustments to accounts

RE5030 Credit notes and adjustments to accounts

RE5040 All goods shipped are invoiced.

RE5040 All goods shipped are invoiced.

RE5040 All goods shipped are invoiced.

RE5040 All goods shipped are invoiced.

RE5050 Credit notes for all goods returned and

RE5060 Invoices relate to valid shipments.

RE5060 Invoices relate to valid shipments.

RE5060 Invoices relate to valid shipments.

RE5060 Invoices relate to valid shipments.

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

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

RE50130 Accounts Receivable reflect the existing business

RE6020 Cash receipts are recorded in the period in which

RE6020 Cash receipts are recorded in the period in which

RE6020 Cash receipts are recorded in the period in which

RE6020 Cash receipts are recorded in the period in which

RE6030 Cash receipts data is entered for processing

RE6030 Cash receipts data is entered for processing

RE6030 Cash receipts data is entered for processing

RE6030 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.