Worked Example: How to Evaluate Procurement Controls with the RCM

A full worked example of testing procurement controls (authority matrix with value limits and purchase booking rights): data population, sample, deviations, effectiveness rating, test score and the conclusion recorded in the working papers.

12 min video · Module: Module 5: Planning and Executing an Internal Audit · ₹99 / $0.99 · 2 views within 7 days

Included with this video

• A 3-question quiz, unlocked after you watch the video

Put it into practice

• Capital Projects and Capital Expenditure: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)
• Payables and Receivables: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)
• Procurement: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)

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