Question: For the following problem write a flowchart from the following flowchart and then in your auditor's opinion, is this internal control effective Purchase Order Form

For the following problem write a flowchart from the following flowchart and then in your auditor's opinion, is this internal control effective

  1. Purchase Order Form

Purchasing personnel after receiving the Purchase Request, Purchasing agent will prepare Purchase Order in the ERP system.

  1. Items of COGS
    1. The supplier has existing pricing and shipping detail contract

Properly enter the request with correct quantities and price/unit info.

  1. Doesn’t have an existing supplier

Find a reputable supplier with the best price possible.

Properly enter the request with correct quantities and price/unit info.

  1. Items for Non-COGS
    1. Setup accounts with reputable suppliers, such as Office Max or Staples
    2. Properly fill out the PO

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