Process: SBS-P-DRTR-02-003 Product Costing

Responsibility area: SBS-P-DRTR-02-004 Internal Control  

Risk

Physical count, scrap are not supervised by finance ; Critical stock movement aren't controlled

Objective

FRA reviews all critical stock movement above 1500 € 

Process description

Within inventories management, plant operators need to book inventory transaction codes (scrapping or inventory discrepancy for example). Some types of inventory transactions should be used only under supervision of controlling.

Control description

FRA review report of critical transactions and justify each document article above 1500€

 

 

Scope
Frequency

D4


Control owner

F inance Responsible Assigned (FRA)

References

 

Control evidences

IAC 03.07 Review of critical inventory.xlsx

IAC 03.07 Critical inventory transaction PF1.xlsx

 

 

 

 

  Guideline