Media (MED) - Key Controls

Question 1

MED01.1

Answer 1

Media plan/changes to media plan are authorized by client

Question 2

MED02.1

Answer 2

Ensure material booking adjustments are identified and reported to Network Regional Management

Question 3

MED02.2

Answer 3

Ensure delivery of proprietary media is appropriately supported

Question 4

MED03.1

Answer 4

Ensure that the local Red/Green schedule (or equivalent contract summary of key commercial terms) is complete and accurate.

Question 5

MED03.2

Answer 5

Review the media rebates income to ensure it is accurate and complete (Income statement).

Question 6

MED03.3

Answer 6

Ensure media rebates accruals are complete and accurate (Asset).

Question 7

MED03.4

Answer 7

Ensure media rebate pass back provisions are complete and accurate (Liability).

Question 8

MED03.5

Answer 8

Where required by the local/International Red / Green schedule or equivalent, ensure media rebates and media credits are passed back to clients timely.

Question 9

MED03.6

Answer 9

Ensure media credit releases are valid and accurate.

Question 10

MED03.7

Answer 10

Ensure that the Red/Green schedule (or equivalent contract summary of key commercial terms) is complete and accurate.

Question 11

MED03.8

Answer 11

Review the media provider investment to ensure it is complete and accurate.

Question 12

MED04.1

Answer 12

Ensure the media vendor rebate accrual amounts are adjusted based on final vendor reconciliation.

Question 13

MED04.2

Answer 13

Review the media rebate accrual aging.

Question 14

MED08.1

Answer 14

Ensure that all media inventory deals are tracked to ensure completeness

Question 15

MED08.3

Answer 15

Ensure that losses related to inventory commitments are recognized timely.

Question 16

MED09.1

Answer 16

Review the unbilled media accrual to ensure it is accurate and complete.

Question 17

MED09.2

Answer 17

Ensure that the unbilled media balance is recoverable

Question 18

MED10.1

Answer 18

Ensure that media that has run but was not billed by vendors is accrued for.

Question 19

MED18.1

Answer 19

Ensure the media credits are correctly classified into Type 1 and Type 2.

Question 20

MED19.1

Answer 20

Review and match all media purchase invoices to the purchase pre-authorization (2 way match)

Question 21

MED20.1

Answer 21

Ensure late bookings are adjusted for, where required

Question 22

MED20.2

Answer 22

Monitor late bookings