·         Major reasons for exercising control of the organization's business processes

·         Sarbanes Oxley:

o   Title V - Analysts Conflicts of Interests

o   Title VIII - Corporate and Criminal Fraud Accountability

o   Title IX - White-Collar Crime Penalty Enhancements

o   Title XI - Corporate Fraud and Accountability

·         Ensure input validity

·         Ensure input accuracy

·         Ensure input completeness

·         Ensure effectiveness of operations

·         Ensure update completeness

·         Ensure update accuracy

·         Control procedures

·         Information processing procedures

·         Business process control plans

·         Operations system control plans

·         Pervasive control plans

·         Data control

·         Data entry

·         Data librarian

·         Data preparation (data entry)

·         Computer operator

·         Systems development standards manual

·         Program documentation manual

·         Operations run manual

·         Application documentation manual

·         Library controls

·         Password controls

·         Authentication controls

·         Program change controls

·         Input validity

·         Input completeness

·         Input accuracy

·         Update completeness

·         update accuracy

·         Report generation

·         Master data update

·         Online prompting

·         Mathematical accuracy check

·         Preformatted screen

·         Confirm input acceptance

·         Reasonableness check or limit check

·         Document/record hash totals

·         Dependency check

·         Procedures for rejected inputs

·         Preformatted screens

·         Turnaround documents

·         Check digit

·         Data encryption

·         Preformatted screens

·         Reasonableness checks

·         Key verification

·         Confirm input acceptance

·         Key verification

·         Confirm input acceptance

·         Batch sequence check

·         Cumulative sequence check

·         Ensure efficient employment of resources

·         Ensure effectiveness of operations (timeliness)

·         Line counts

·         Document/record counts

·         Item counts

·         Hash totals

·         Cumulative sequence check

·         Batch sequence check

·         Suspense file of missing numbers

·         Computer agreement of batch totals

·         All the details of B/AR/CR process including DFD

·         All the details of purchasing process including DFD

·         Reorder point analysis

·         EOQ models

·         ABC analysis

·         Control plan of the AP/CD process

·         A control plan to ensure input accuracy in payables processing

·         Agreement of run-to-run totals

·         Digital signature

·         Independent validation of vendor invoice

·         Tickler file of open purchase orders and receiving reports

·         The AP application matches invoices, quantities, prices and terms when it performs the control plan