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The Accounts Payable Internal Control Checklist from Vitalics is an Excel file that you can download for free. This form will help guide you in monthly and annual reminders of what controls should be implemented as well as followed with your accounts payable internal controls. Using an accounts payable checklist with predefined procedures, will help lower occupational fraud and abuse within your organization, especially when it relates to direct expenditures using cash, credit or other assets. Whether your company is at risk for a shell company, falsified expenses, kick-backs, bid rigging schemes or a pay and return scheme (which is another type of billing scheme where the perpetrator purposely overpays, double pays or pays the wrong vendor then requests a refund and intercepts the check), this form will help uncover and prevent those types of fraud schemes from occurring within your organization.
The Accounts Payable Internal Control Checklist is part of the “Accounts Payable” internal control forms package or the complete Vitalics Internal Control System