Tiesha Christian

What key (1-2) competencies does the person responsible in a company for the Order to Cash (OTC) need to have? Why?

The persom responsible for th Order to Cash (OTC) process in a company needs to posses two major skills:
– Order entry (creation of order/booking of order)
– Order fullfillment ( physically & digital fullfillment)
All while…[Read more]

Jianhui – Very good point and great link! Assertions are important in the audit world. It is pretty much what audits revolve around. What was learned through inquiry, what was seen, what is factual? These are some questions I ask myself after walkthroughs with clients, during my audits. It all goes back to assertions!!

Abhay – I like the points you made. Especially the point about completeness. I know for me in my current role, Completeness and accuracy are things that come up alot in meetings, audits, etc. It is a very valuable piece in audit. Especially when attestations are said to be occuring.

Ming Hu – I agree, assertions are also important to Auditor’s. The point you made is true. How about when it comes to IT Auditing? It applies the same in a different context. Instead of reviewing financial statements, an auditor may review user (privileged) access to tools that generate financial statements, rights to promote code into production etc.

Q4. Which portion / step of the Procure to Pay process do they see as the most vulnerable to theft, fraud or failure of some kind? Explain

The most vulnerable parts of the Procure to Pay process are the Vendor / Purchase Order, and Goods / Service Receipt process. Ways the Vendor process can be vulnerable are lack of vendor validity.…[Read more]