Often individuals that are in charge of purchasing or operations cringe when they learn that they are going to be audited. What are they going to find? How bad will it be? Will I loose my job?

I can say that if or what they find is dependent on a number of factors. Their job is to plug the efficiency holes and make the process better. So I always welcome their input. I am confident that my team is doing the best they can and that they can always use a little extra help and another set of eyes.

This document was created by the Institute of Internal Auditors – Australia.

It covers off the neglected area of conflict of interest validation.

In supply chain, the major conflict of interest is where an individual places orders to a family member or close friend. Which why there always needs to be a separation between ordering, approving and paying for goods and services.

Looking for ways to ensure you are dealing with valid versus phantom companies then perhaps QCsolver Inc. has the solution you are looking for.