Internal Audit of Purchase and Payment Procedures: An Application in Retail Trade Enterprise

One of the most important factors that help enterprises to achieve their previously determined objectives is an internal control and internal audit system that works effectively. Especially in the current business environment where the interaction is very fast, depending on the speed of globalization and technological progress, it is very important for enterprises to keep their administrative or accounting-finance activities under control continuously. The risks encountered in organizations where internal audit activities are carried out effectively can be minimized and both the competitive advantage and sustainability of the enterprise will be ensured. The aim of this study is to investigate the internal audit activities related to the purchasing process in enterprises. Accordingly, the study primarily provides information on internal control and internal audit. Then, in a large-scale enterprise operating in the retail trade sector, existing purchasing and payment transactions were analyzed and suggestions were developed to improve the internal audit activities in the enterprise. The data used in the study consist of the information obtained as a result of the one-to-one interviews with the company employees and management