PURSER-2.3.1

Procurement, Contracts, Payment Runs and Fraud Controls

PURSER-2 · Financial Control · PURSER-2.3 Procurement and Internal Control

Procurement runs requisition, authorisation, purchase order, delivery, invoice and controlled payment, with a three-way match as the core control. Fraud is prevented by segregation of duties, dual authorisation and supplier bank-detail verification by call-back.