Accounts Payable Quarterly Controls Self-Assessment Questionnaire

To evaluate the effectiveness of their internal controls and audit programs, many companies have implemented a Quarterly Self-Assessment Questionnaire (SAQ) for all financial processes. Such companies have established a policy stating the requirement for completing the SAQ as stated in the following paragraph. It is a key responsibility of the accounts payable department to access that the company’s internal controls program is working properly. This responsibility should be accomplished by…