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Assume You Are an Audit Manager for a Middle Market

Question 175

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Assume you are an audit manager for a middle market manufacturing company.Your client is interested in using Evaluated Receipts Settlement (ERS) with their primary supplier; however, your client is unsure of how the process works and asks about the process of initiating an ERS transaction.Draft a note to your client describing the process of initiating a purchase order through shipment of the goods.

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The purchase order is prenumbered to est...

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