GISF: Is a payment system in place with proper reviews and approvals?

Establishing an ethical environment at all levels of your organization is the most important element of accountability and control. In addition, the purchase order officially orders good or services from a vendor while the invoice requests payment for the order. To say nothing of, you aim to preserve the integrity of the payment system, which is why you work proactively and collaboratively with your customers to grow business while minimizing risk.

Appropriate Activities

Obtain and review formal or informal policy and procedures and evaluate the content in relation to specified performance criteria to determine if an appropriate review process is in place of information system activities, the process for issuing refunds varies depending on the type of payment system used.

Want to check how your GISF Processes are performing? You don’t know what you don’t know. Find out with our GISF Self Assessment Toolkit: