Intercompany invoice verification
Verification of Invoices from Subsidiaries:
At present, Tradewinds verifies invoices from third parties, which are then re-charged to SIA.
Since Tradwewinds is a wholly-owned subsidiary, and has to perform all verification in line with Group policy, there should not be any further requirement to re-verify Tradewinds' invoices to SIA.
Tradewinds is also subject to Internal Audit review based on the same standards as SIA. As such, it is duplicate effort for SIA to re-verify invoices from subsidiaires.
We should change group policy to reflect this, in order to optimize our invoice verification processes.