The Scenario
An auditor asks you to demonstrate that a R125,000 payment to a supplier can be traced from the bank statement back to the original purchase order. You need to map the entire audit trail.
The Brief
Map the complete audit trail for a purchase transaction: Purchase Requisition → Purchase Order → Goods Received Note → Supplier Invoice → Payment Authorisation → Bank Payment → General Ledger Entry → Financial Statement.
Deliverables
- A step-by-step audit trail showing each document, who creates it, and what it proves
- The control points at each stage (who approves, what limits apply, what matching checks occur)
- One missing document scenario and how it would show up as an exception in an audit
Submission Guidance
Three-way matching (PO, GRN, Invoice) is the core control for purchases. If any of the three do not match, the payment should be held. Show this.
Submit Your Work
Your submission is graded against the rubric on the right. If you pass, you get a public Badge URL you can share on LinkedIn. There is no draft save, so work offline first and paste your finished response here.