Partial billing of hardware orders 3106
Sashi last edited by
The company I work with has identified partial billing of hardware orders as a risk and hence marked it as a SOX control. Can someone explain to me why does SOX consider partial billing to be a risk.
selena151 last edited by
how all of you are doing
there is indeed a potential risk of fraud and bribes, it is relating to ‘limit of authority’ and http:// en.wikipedia.org/wiki/Separation_of_duties considerations.
as instance, imagine that due to the size of company and others points, the approver of order has limit authorization of signature let’s say about 1000USD. if an order has an amount exceeding this limit, the orders need higher level approver with higher limit of authorization and maybe more. if a person spilt this orders they get around this limit.
hope this help