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TITLE: Purchases Cycle (P2P) compliance template (RCM/ICQ/SAQ)
TYPE: article
VERSION: 1
VERSION_ID: 1b27dd52-220f-4996-9a00-dcf6c0fd01d5
GENERATED_AT: 2026-01-17T16:21:46.385Z
SUMMARY: Purchases Cycle Excel-based smart compliance template (RCM/ICQ/SAQ) – ICFR; COSO; SOX 404; International ICFR Frameworks
READING TIME: 1 min
WORD COUNT: 106
KEYWORDS: Purchases Cycle
SOURCE URL: https://grcplaybook.com/smart-playbooks/internal-control-over-financial-reporting-icfr-core/purchases-cycle
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KEY TAKEAWAYS:
  * Internal Control over Financial Reporting - Core

#### Internal Control over Financial Reporting - Core

# Purchases Cycle

# (Procure-to-Pay)

P: The Purchases Cycle Playbook addresses the following areas:

LIST: UL with 10 items

  - Policy and Procedures

  - Segregation of Duties (and access rules that support SOD)

  - Purchase Order Processing

  - Receiving

  - Merchandise Returns

  - Invoice Processing

  - Cash Disbursements

  - Master File Maintenance

  - Financial Reporting, and

  - Additional Considerations (IPE and Management Review Controls)

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ABOUT THIS CONTENT
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Source: https://grcplaybook.com/smart-playbooks/internal-control-over-financial-reporting-icfr-core/purchases-cycle

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