Audit engagement
Post-approval compliance check
Confirm that approved applications still match invoices, delivery notes, and the amounts that actually left the bank.
Overview
Approvals drift. An application may be signed for one vendor and paid to another, or the final invoice may exceed the approved ceiling without a fresh signature. This engagement samples approved applications and ties them to subsequent payment evidence.
Included
- Sample selection from a defined period
- Matching of approved amounts to invoices and payment records
- Listing of exceptions with the documents that support each finding
- Brief debrief with finance or internal audit
Fee
Period reviews typically start at ₩3,200,000, depending on sample size and how fragmented the payment evidence is.