Media (MED) - Normal Controls

Question 1

MED06

Answer 1

1. Is the access to media buying systems (web based or otherwise) restricted only to authorized personnel?

Question 2

MED08.2

Answer 2

Ensure that any media inventory is recognized as an asset in the local trial balance

Question 3

MED12

Answer 3

1. If the company outsourced any of its buying commitments what procedures are in place to ensure the company is protected against any liabilities (e.g. via contracts)?

Question 4

MED15

Answer 4

1. Is there a written policy on valuation of media credits which is consistently and accurately applied and reviewed/approved on an ongoing basis by Management?
2. Has this policy been approved by Regional?

Question 5

MED16

Answer 5

1. Has the GroupM accounting policy on the valuation of OMI been consistently and accurately applied for GroupM units and similar policies for other networks?