Engagement Memo—Payment Requests

We are initiating a review of the company’s payment request practices. As you know, payment requests can help expedite small purchases by reducing the administrative burden but pose risks because they do not go through the standard procurement process. Our objective is to assess the company’s controls to ensure that employees comply with payment request policies and are getting the best value for these purchases. We plan to analyze payment requests for fiscal year 2019 but may modify our scope or objective during the review. Throughout our review, we plan to interview company officials who use, manage, and monitor payment requests; analyze relevant documents and data; and assess related policies and procedures.