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Compliance considerations in setting up new vendors
October 11, 2023
Q. When establishing internal controls for the initiation of a new vendor setup within our system, we presently employ a form accessible exclusively through our intranet, accessible solely to employees. Our current procedure necessitates that employees gather vendor information and then forward the completed form, along with a copy of the vendor's current W9 and, if available, their invoice, to the Accounts Payable (AP) department. Is it advisable for an internal employee to send the form to…
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