Dear all,
When one speaks of "contribution", what is the initial reaction is that the
contribution of IA can definitely not be determined in value terms.
To that extent, the view expressed by Mr David Taylor seems the one to
conform to.
In the current case, merely quantifying the cases of duplicate payments
made as a result of documents not being defaced with the 'Paid' stamp would
not do justice to the actual value of the finding in light of the following
aspects:
1. It would not be possible for an auditor to ascertain all cases of
duplicate payments in the entire population, as a result of which the
quantification would be subject to estimation whcih would vitiate the very
purpose of quantification.
2. More importantly ,the possibility of reusing the supporting evidence for
future payments resulting in fraud canot be ruled out. The quantification
of a possible fraud is again difficult.
Regards
Ankur
"Mooney, Donna"
<[EMAIL PROTECTED]> To: "'Hariadi Lius'"
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Subject: RE: Audit
Contributions
01/22/03 07:40 PM
Determine if there are any duplicate payments in your voucher's payable
population due to the "paid" stamp not being put on the supporting
documents of voucher's payable. This would quantify your finding.
-----Original Message-----
From: Hariadi Lius [mailto:[EMAIL PROTECTED]]
Sent: Tuesday, January 21, 2003 11:07 PM
To: '[EMAIL PROTECTED]'
Subject: Audit Contributions
Hi all,
Can anyone offer me some insights on the following;
How to define and quantify the dollar impact of the audit findings'
contribution?
For an instance, we have one finding about "No stamp "Paid" to
supporting documents of voucher payments". Then how to quantify the
amount of contribution resulting from this finding?
Any input or guide line is highly appreciated.
Many thanks.
Hariadi L
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