At a glance
| Scope | Vendor master |
|---|---|
| Engagement | AI-led internal audit: vendor master review |
| Vendors tested | 251, in one run |
| Vendors flagged | 129 |
How the work was done before
Vendor master reviews usually check a sample of records. A shared PAN (India's tax ID) or bank account only shows up when every vendor is compared with every other. This review tested all 251 vendors in one run.
What IRAME runs
| Control | Example |
|---|---|
| Vendor evidence | Each vendor record is checked for its required supporting evidence. Any gap is flagged. |
| Duplicate PAN | Two vendor records with the same PAN are flagged. |
| Duplicate bank account | Two vendors with the same bank account are flagged. |
What it found
- 129 of the 251 vendors were flagged for missing evidence.
- Vendors sharing a PAN or a bank account with another vendor were caught.
Results
| Measure | Before | With IRAME |
|---|---|---|
| Vendors tested | Not published | 251 in one run |
| Vendors flagged | Not published | 129 |
No before figure has been published for this review.
Who runs it day to day
Internal audit ran the review. Each flagged vendor goes to the vendor master owner to fix, tracked to closure. For a US team, the same test compares tax IDs and bank accounts across the full vendor master.