Treat three-way match as a control, not a ritual
Use the three-way match to protect payment accuracy before releasing supplier cash.
Three-way match is a control activity, not an AP superstition. The Control Logic A supplier invoice is a claim on company cash. The three-way match asks that claim to line up with three independent pieces of evidence: what the company authorized, what the company received, and what the supplier billed. That design fits COSO's idea that controls help an organization achieve operations, reporting, and compliance objectives. Why It Works Each document catches a different failure mode. The purchase order catches unauthorized spend or wrong price. The receiving record catches short shipment, duplicate shipment, or service not accepted. The invoice catches…
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in