One type of internal controlrelated data analytics report used by companies is known as a three-way match
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One type of internal control–related data analytics report used by companies is known as a three-way match report. It involves using analytics to ensure that there is a purchase order, receiving report and invoice in the company’s records for every payment made to a supplier. Explain why this is a strong control and what it would mean if an exception was identified.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119594574
8th Canadian Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
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