Raised 2026-10-06 in the ITGC Q3 FY2026-27 Controls Testing (Meridian Internal Audit). PO 4500018734 (INR 12.4 lakh, vendor 'Apex Office Interiors') was created and released by the same user (procurement executive with temporary FC-level release authority granted for quarter-end). Value is above the INR 5 lakh department-head band and should have required the Financial Controller.

Applications: SAP S/4HANA.

Potential risk

Unauthorised or erroneous transactions could go undetected and expose Meridian to financial loss and regulatory action.

Root cause

Temporary quarter-end release authority was granted without the release-strategy check on requester = approver.

Agreed action plan

Temporary release authority revoked; release strategy updated to block ERNAM = approver; PO retrospectively approved by Financial Controller. Tracked as T-003, T-004 in Prismet Tasks.

Management response: Temporary release authority revoked; release strategy updated to block ERNAM = approver; PO retrospectively approved by Financial Controller.

Action: REM-F-ITGC-03
Owner (FPR): Priya Sharma
Target date: 20 Oct 2026
Priority: High
Status: In Progress
Validation: Pending · planned 20 Oct 2026

Evidence for this control (3)

Open list →

Evidence	Title	Control	Source system	Collected	Status
ITGC-REQ-017	SAP S/4HANA: No self-approved purchase orders	P2P-01	SAP S/4HANA	9 Oct 2026	Accepted
ITGC-REQ-018	SAP S/4HANA: Release strategy matches threshold	P2P-01	SAP S/4HANA	8 Oct 2026	Accepted
Q2-EV-014	SAP S/4HANA · ticket sample (Q2)	P2P-01	SAP S/4HANA	25 Jun 2026	Rejected

Tests of this control (2)

Open list →

Test	Control	Cycle	Tested	By	Result	Confidence
TST-ITGC-P2P-01	P2P-01 · Purchase orders follow approval thresholds; no self-approval	Q3 2026 Unified Program Review	6 Oct 2026	Vikram Mehta, Farah Khan · Meridian Internal Audit	Fail	Medium
TST-Q2-P2P-01	P2P-01 · Purchase orders follow approval thresholds; no self-approval	Q2 2026 Unified Program Review	18 Jun 2026	Farah Khan, Vikram Mehta · Meridian Internal Audit	Fail	High