Media (MED) - Key Controls Flashcards
MED01.1
Media plan/changes to media plan are authorized by client
MED02.1
Ensure material booking adjustments are identified and reported to Network Regional Management
MED02.2
Ensure delivery of proprietary media is appropriately supported
MED03.1
Ensure that the local Red/Green schedule (or equivalent contract summary of key commercial terms) is complete and accurate.
MED03.2
Review the media rebates income to ensure it is accurate and complete (Income statement).
MED03.3
Ensure media rebates accruals are complete and accurate (Asset).
MED03.4
Ensure media rebate pass back provisions are complete and accurate (Liability).
MED03.5
Where required by the local/International Red / Green schedule or equivalent, ensure media rebates and media credits are passed back to clients timely.
MED03.6
Ensure media credit releases are valid and accurate.
MED03.7
Ensure that the Red/Green schedule (or equivalent contract summary of key commercial terms) is complete and accurate.
MED03.8
Review the media provider investment to ensure it is complete and accurate.
MED04.1
Ensure the media vendor rebate accrual amounts are adjusted based on final vendor reconciliation.
MED04.2
Review the media rebate accrual aging.
MED08.1
Ensure that all media inventory deals are tracked to ensure completeness
MED08.3
Ensure that losses related to inventory commitments are recognized timely.
MED09.1
Review the unbilled media accrual to ensure it is accurate and complete.
MED09.2
Ensure that the unbilled media balance is recoverable
MED10.1
Ensure that media that has run but was not billed by vendors is accrued for.
MED18.1
Ensure the media credits are correctly classified into Type 1 and Type 2.
MED19.1
Review and match all media purchase invoices to the purchase pre-authorization (2 way match)
MED20.1
Ensure late bookings are adjusted for, where required
MED20.2
Monitor late bookings
