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متابعة

How often should a trading business do an in-dept investigation into the financial competencies of its vendors and other creditors?

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تم إضافة السؤال من قبل Oladimeji Sodeinde , Head , Biogenerics Nigeria Ltd
تاريخ النشر: 2019/09/12
Mohammad  Fahad
من قبل Mohammad Fahad , Head of internal audit & Secretary to Board’s Audit Committee , MACPAC FILMS LTD.

Financial competencies of vendors may be assessed vis-a'-vis their abiity to ensure uninterrupted supplies to a trading business.

Moreover, vendors' demand for advance payment or payment earlier than the due date; may signal doubts of their financial competencies.

FEBIN DCRUZ
من قبل FEBIN DCRUZ , Sr Manager Tax and Audit , Ascentia Middle East LLC

Once a year would suffice once a due dilligence is done before signing up with them at Stage 1. However the financial compentency of a debtor is much more important than a creditor.

بشير قصّاص
من قبل بشير قصّاص , ادارة ، امين سر ، حماية ، مسؤول , شركة عجاج للتغذية والتسويق

If this is a month or a 20 day with preparation and completion on the thirtieth day for it to be more than a month.

المزيد من الأسئلة المماثلة