Inbound Logistics (Receiving and Stores): Risk and Control Matrix (Excel)
27 controls (17 key) for 13 objectives and 16 risks, each with walkthrough questions, evidence to ask for and test steps.
Risk Control Matrix · editable Excel · 3 sheets · ₹149 / $1.49 · lifetime access, up to 5 downloads
Inbound logistics covers receiving, inspecting, storing and issuing externally sourced materials, including imported goods. It runs from the arrival of a supplier's vehicle at the gate to the issue of materials to production or other users, and includes the records that feed purchasing, accounts payable and inventory accounting. For every control you see what good looks like, whether it is preventive or detective, manual or automated, how often it runs and whether it is a key control, plus the walkthrough questions, evidence to request and steps to test it. Record what you find, the control owner and any gap in the same sheet: the Summary sheet counts effective, partly effective and ineffective controls by objective as you go. Written so that an auditor new to the process can use it, and detailed enough for experienced reviewers. Editable Excel.
What's inside
- Read Me: how the matrix is laid out and how to use it in an audit
- Risk-Control Matrix: 13 objectives, 16 risks and 27 controls (17 key)
- Each control: type, nature, frequency, key or supporting, and how to evaluate it
- Columns for your response, evidence seen, control owner and gap / action
- Summary sheet: results by objective, updated automatically
Topics: Supply Chain
Learn it on video
- Internal Controls in Everyday Business: Segregation of Duties, Approvals, Access and Reconciliations (20 min)
- Physical vs Logical and Independent vs Compensating Controls: Know the Difference (9 min)
- How to Link Risks to Controls: The Risk and Control Matrix (RCM) (12 min)
- How to Describe Controls in the RCM: Method, Type, Frequency and Test Procedure (8 min)
- How to Test Controls (2): Test of Operating Effectiveness (7 min)
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