1. The following is a narrative of internal control of the Purchasing process. a. Draw...
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Accounting
1. The following is a narrative of internal control of the Purchasing process. a. Draw a flowchart from this narrative, b. In your auditor's opinion, does this internal control effective? 2. Purchase Order Form Purchasing personnel after receiving the Purchase Request, Purchasing agent will prepare Purchase order in the ERP system. a. Items of COGS i. Supplier has existing pricing and shipping detail contract Properly enter the request with correct quantities and price/unit info. ii. Doesn't have existing supplier Find reputable supplier with the best price possible. Properly enter the request with correct quantities and price/unit info. b. Items for Non-COGS i. Setup accounts with reputable suppliers, such as Office Max or Staples ii. Properly fill out the pol
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