What is Statement Review?
Statement Review is a payment recovery process which is also common industry practice in order to reconcile accounts with suppliers. Every supplier paid by Intel in the previous year will be selected for this annual audit which Intel has done so since 2008.
Why is it important for Intel?
Statement Review collects outstanding balances with Intel Suppliers that were not able to be identified.
Who are the Intel approved Audit Firms?
Why Intel engaged external Audit Firms for this process?
The mentioned Audit Firms are leaders in recovery audits which are specialized in disbursement errors and frauds.
Who should participate in this audit process?
All suppliers that has conducted transactions with Intel in the previous year.
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