Purchasing Rebates Audit Work Program
Subscriber Content
![Screenshot of the first page of Purchasing Rebates Audit Work Program](/sites/default/files/2023-06/Purchasing%20Rebates%20Audit%20Work%20Program.jpg)
Best Practices for Auditing Purchasing Rebate Processes and Policies
The best-practice steps included in this audit program can be used by organizations to perform a purchasing rebates audit.
Sample work steps include observing and documenting a workflow and/or narrative to document the understanding of the purchasing rebates process, documenting the methodology behind the inventory adjustments and assumptions used when recording the inventory adjustments/entries, tracing and agreeing upon purchasing data used in the rebate calculations to the purchasing/supplier source data, and verifying that supporting documentation exists for each cash and credit rebate applied by accounts payable.