Control Objectives and Activities: Process Accounts Payable and Accounts Receivable

This COSO-based guide provides a list of control objectives, potential risks, and points-of-focus for potential control activities for ‘Process Accounts Payable’ and ‘Process Accounts Receivable’, two of the sub-activities of Manage Finance, which is the fourth of the primary generic ‘infrastructure’ activities identified in the ‘Value Chain’ model of a business enterprise.