Approval group
Spend and purchasing
Commitments to spend: purchase orders, invoices with no order behind them, capital projects, leases and spend over budget. The ladder is the classic one: a limit per role, rising to the board.
The approval families
5| Family and a line that matches it | Marked | Clauses |
|---|---|---|
| Purchase ordersPurchase orders up to 25,000: Head of Department | ISO/IEC 27001 5.3 · COSO P3 | |
| Invoices with no purchase orderNon-PO invoices up to 10,000: AP Manager | ISO/IEC 27001 5.3 · COSO P3 | |
| Capital expenditureCapital expenditure above 1M: Board | ISO/IEC 27001 5.3 · COSO P2 | |
| Leases and rental commitmentsProperty leases up to 250,000 total commitment: CFO | ISO/IEC 27001 5.3 · COSO P3 | |
| Spend over budget and budget transfersUnbudgeted spend up to 50,000: Finance Director | ISO/IEC 27001 5.3 · COSO P3 |