Audit Templates (Standalone)

This template provides a list of practices for the purchasing and payable cycle

Here is a portion of the template as an example:

A. Supplier selection and retention

Practices

1. Purchasing responsibilities segregated from procurement
2. Supplier selection responsibility segregated from disbursement and accounting activities
3. Approved supplier selection process (defining the involvement of purchasing, design and manufacturing engineering, quality assurance, finance, and marketing)
4. Purchasing agents or buyers periodically rotated among purchasing responsibilities to ensure independence
5. Criteria used in the supplier selection process documented :