Hi Guys,
Can any one help me in solving my queries please?
I am a SOX consultant and doing sox compliance/testing for a company. We have a control in the process Ship and debit claims and Supplier rebates, as mentioned below.
Control 11: Claims team to report product returns from customer to the company via S&D claim submission to supplier & notify AP to monitor supplier's debit note.
I am not able to populate the actual returns from the customers to the company for my testing purpose.
We have a GL account for accruing SND claims, when the products are actually returned to the company, how can i identify for such cases in that accrual account. What is the movement type used? Is there any parameter where i can rely on it to believe it as product returns from customers to the company.
Hope my query is clear. I need this information very urgent.
Thanks in advane.