oa Meditari : Research Journal of the School of Accounting Sciences - B2B suppliers : addressing the repudiation of orders in an open account system

Volume 12, Issue 2
  • ISSN : 1022-2529



Suppliers suffer losses when customers repudiate B2B order transactions in open account systems. Appropriate internal control measures should be implemented to address repudiation. According to the King Report on Corporate Governance for South Africa (2002), the responsibility for internal control lies with the management of a company.

This article aims to assist management in reducing the risk of repudiation to an acceptable level, by providing a framework of recommended internal control measures. The framework was compiled after considering:
Requirements in the Electronic Communications and Transactions Act that make digital contracts valid.
Existing control frameworks, control objectives and internal control measures addressed by COBIT® and AICPA / CICA's Trust Services Principles and Criteria.

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