You have recently joined the international audit team at a large company responsible for janitorial work...

You have recently joined the international audit team at a large company responsible for janitorial work at many different local businesses. Because of the significant number of consumables used in janitorial work, your company has a large purchasing department. You have been asked to analyze the purchases data set for potential frauds.

Steps/Questions

5. Verify the values in the Quantity and Total columns. Are any missing or abnormal values present?

Expert Solution

Consumption of Material above the standard in a particular location

excessive order as per order level for the next order

Purchase order requirement is higher than purchase requisition requirement

Above are the potential frauds of Consumables.

theft of material after issuing by the Issuing department - No Control over consumption ( Janitor Employees takeaway materails for personal use.

Purchase order for more than requested, it is due to requirement of various officer at differnet posiitons. Person preparing PO, person receiving the materials etc.

Yes, Verifying the Qunatity and Total Column will be very useful in this regards.

Matching the PR and PO quantity on Location basis as well as item wise.

Consumption Quantity at different location as well as item wise.

It will reflect the Quantity orer over a period more thna its consumption level which strike alarming position to issuing department over the usage of the housekeping materials.

ekkarill92 answered 1 year ago

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You have recently joined the international audit team at a large company responsible for janitorial work...

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