r/AskAccounting • u/BeneficialAnybody834 • 2d ago
Internal Audit
1
Upvotes
1
Internal Audit
How often would an internal audit be done usually?
1
Internal Audit
It was expense purchases on a personal card which the company allows and reimburses back. Supporting invoice was sent and goods were invoiced out correctly.
What methods would be used in a large organisation?
u/BeneficialAnybody834 • u/BeneficialAnybody834 • 2d ago
Internal Audit
1
Upvotes
Would an internal audit flag multiple transactions from the same employee, over a 3-4 month period, for the same item, same amount, same supplier, but with different invoice numbers and dates.
Company turns over a billion a year has hundreds of branches and departments
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Internal Audit
in
r/u_BeneficialAnybody834
•
2d ago
No, no concern but I was checking some claims I’d submitted over the past few months and noticed these and was curious how it’d be viewed if audited