WorksheetsControllership in AP
Total questions: 10
Worksheet time: 5mins
Processing an invoice as per SOP is part of:
Compliance
Effectiveness of business process
Integrity of communication
None
Segregation of duties is part of:
Compliance
Effectiveness of Business Processes
Integrity of communication
None
What is the best control for "Multiple Vendor id's"
Recover / Adjust Payments
Tracking Process,
Evaluate Possibility of Standard PO
Vendor Purging Policy
Return To Vendor, (RTV) Process
Claim / Tracking #
What is the best control to reduce "Disputed invoices"?
SOPs,
Process Refresher Course
QC Process
Duplicate audit process
Root cause analysis
Mr. Babloo received an invoice from Chotu & co. dated 11th January, 2019 for $34000 on 21st Oct, 2021. Babloo should ____
Process invoice if 3 way match passes
Raise red flag
Dispute the invoice
Ask supplier to reissue invoice
Mr. Cool, an AP executive received a proforma invoice from Heat & co for $3500. 3 way match is passed. What should Mr. Cool do?
Dispute the invoice
Process the invoice
Reject the invoice, as it's not an invoice
Raise red flag
Modi India Inc. sent an invoice to Modi US Inc. for $3580. Mr. Rahul is an AP executive who received the invoice. What should Mr. Rahul do?
Process invoice if all approvals and coding available
Dispute the invoice
Raise red flag
Reject the invoice, as it's not an AP invoice
Mr. Chitku, an AP executive has an access for vendor maintenance and invoice processing. Is it a segregation of duties issue?
Yes
No
None
Ignore
Mr. Motu is the payee of check request and he is also an approver for the request. Is there a controllership issue?
Yes
No
Ignore
May be
Controllership – A value-added, unyielding commitment to:
Segregation of duties, Conflict of interest, SLA
Business policies, Reporting, Metrics
Compliance, Effectiveness of business process, Integrity of communication
Applicable laws, 6 Sigma, Forecasting
