What Audit Committees Ask About Supplier Payments
The questions UK audit committees raise when payment controls look fine on paper but exceptions keep appearing in the ledger.
Audit committees rarely ask for a tour of your ERP screens. They ask whether supplier payments can leave the organisation without adequate evidence, and how quickly finance can reconstruct an exception.
Questions that surface risk
- Who can change supplier bank details, and what evidence is retained?
- How many payment-run exceptions were cleared after the formal approval?
- When was the last independent sample of high-value supplier payments?
Prepare concise answers with sampling results and control owners named. Our assurance service produces briefing notes for exactly these conversations.