For each of the following functions, describe the risks and associated counterbalancing controls and technology that could be used to mitigate the risks in the purchasing/receiving and AP/cash functions: Finance (treasurer/controller/credit department) Accounts Payable (credit, cash and discounts taken)
For each of the following functions, describe the risks and associated counterbalancing controls and technology that could be used to mitigate the risks in the purchasing/receiving and AP/cash functions:
- Finance (treasurer/controller/credit department)
- Accounts Payable (credit, cash and discounts taken)