The internal auditor carried out a confirmation of balance exercise with all suppliers. There were 568 suppliers, and the results were as follows: Positive confirmation 200 Discrepancies noted by supplier 100 No response

The supplier should be asked for- Copy of supply invoices, e-way bills, e-invoices and consignment notes and compared it with P.O or agreement Statement of account to reconcile with the books of the company. Copies of delivery challans, e-way bills The accounts department will be asked to report on- Payments made to supplier and entries for bill approved. Reconciliation of statement of account as provided by supplier and as per our books The internal auditor will also verify store inventory entries. After this verification the internal auditor may recommend payment.