APPENDIX SIX B
Accounts Payable: Preliminary Controls Assessment Questionnaire
THIS IS AN EXAMPLE OF A PRELIMINARY ASSESSMENT QUESTIONNAIRE that can be presented to managers or process owners prior to conducting a review. It is intended to help understand existing business processes and understand management’s view of the internal control environment. The survey is a sample and may not be applicable to all businesses without modification and customization.
PURCHASING CONTROLS QUESTIONNAIRE
Questionnaire Instructions: This questionnaire has been prepared by the <Describe> department to assist us in helping you determine whether the controls you have established are operating effectively. Please respond to these questions as accurately as possible and feel free to insert comments and further explanations as you deem necessary.
Process Background Information
| Manager responsible for process____________________ |
| Number of full-time equivalents in accounts payable process________ |
| Average number of invoices processed per month__________________ |
| Average number of disbursements/checks per month_________________ |
| Days payable outstanding__________________ |
| Number of information system(s) used in processing accounts______________ payable |
| Is accounts payable system directly linked to the general ledger?________ |
INTERNAL CONTROL ASSESSMENT
How would you evaluate the effectiveness of the current process in achieving the following control objectives? Use a scale of 1 to 5, with ...
