AIS HW#4 - Gabriel Reyes JR AIS Acct.303 HW#3 P1 a 10.3...

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Gabriel Reyes JR AIS Acct.303 HW #3 P1 a. 10.3 EDI-specific controls (policy) clearly address a policy where the company cannot purchase items form any vendor, where our employees either own or partially own. b. Well one solution could be to install camera’s, but internal control 15.2 talks about having documentations of all transfers of inventory between receiving and inventory employees. Also 15.3 states having periodic inventory accounts and reconciliations to record quantities. c. 9.1 Require suppliers to possess quality certification. 8.1 Purchasing only from approved suppliers. This ensures that you are most likely going to get a good quality product since you have used them in the past. d. 18.1 Filing of invoices by due date for discounts. That way everything is paid in order of the time that we received them. e. 20.1 Requiring a complete voucher package for all payments. 20.2 Policy to pay only from original copies of supplier invoices.
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