This preliminary assessment questionnaire can be presented to managers or process owners before conducting an audit. It is intended to help the internal audit department understand existing business processes and management's view of the internal control environment.
The cash disbursements process is the process by which a company pays its bills and deals primarily with the issuance of checks or wire payments. This process immediately follows accounts payable and, in some areas, overlaps it. This process should cover the how a disbursement is started (e.g., receipt of an invoice), authorities, approvals, check writing and signing, and mailing disbursements.