Mr. Bean Café: Procurement to Payment Process Acctg 401 – B
Risk Control Control
Type Frequency Design Operating Process
Owner Test of Controls
Inventory Control
The Food Preparer may
inaccurately record the
materials used.
The Food Preparer may fail
to record the materials used
or materials placed within
their responsibility.
The Purchasing Sta and
Opera#ons Manager match
the Actual Inventory Count
with the Inventory Record,
Customer Sales Invoice, and
Customer Sales Order.
M – D Daily E
Purchasing
Sta and
Opera#ons
Manager
TOC 1
objective: To obtain
reasonable assurance
that changes made to the
Inventory Record are
complete and accurate.
1. Obtain all Customer
sales invoices for the
year.
2. Use random sampling
to select 25 samples or
10% of the population,
whichever is lower.
3. Obtain from the client
the following:
Customer sales order
Inventory record
4. Match the Customer
sales invoices with the
Customer sales orders.
5. Trace the items
indicated in the
Customer sales invoices
and Customer sales
orders in the inventory
record.
6. Note for any
discrepancy.
Purchase Requisi#on
Mr. Bean Café: Procurement to Payment Process Acctg 401 – B
The Food Preparer may
inaccurately request the
amount of materials needed.
The Food Preparer may
request the needed
materials even though the
materials are still above the
repurchase level.
The Purchasing Sta matches
the Purchase Requisi#on
Notebook with the Actual
Inventory Count, Inventory
Record, Customer Sales
Invoice, and Customer Sales
Order before informing the
Purchasing Manager
regarding the purchase.
M – D As the
transac#on
occurs.
E Purchasing
Sta
TOC 2
objective: To provide
reasonable assurance
that addition made to
the Purchase Requisi#on
Notebook are accurate
and valid.
1. Obtain all purchase
requisi#ons for the
year.
2. Use random sampling
to select 25 samples or
10% of the population,
whichever is lower.
3. Obtain the following
from the client:
Purchase requisi#on
notebook
Inventory record
Customer sales
invoices
Customer sales
orders
4. Match the purchase
requisi#ons, (in terms
of quantity), in the
purchase requisi#on
notebook with the
inventory record,
customer sales orders,
and customer sales
invoices.
5. Note for any purchase
Mr. Bean Café: Procurement to Payment Process Acctg 401 – B
requisi#on made above
the repurchasing level.
The Food Preparer may fail
The Opera#on Manager
As the
TOC 3
objective: To obtain
reasonable assurance
that changes made to the
Inventory Record are
complete.
1. Obtain the list of
materials used in
production.
2. Use random sampling
to select 25 samples or
10% of the population,
