A business example
A monthly review finds that supplier invoices were paid without evidence of goods receipt.
Gap identified
The team lists the affected invoices and the missing evidence.
Correction
It obtains or resolves the evidence and addresses any incorrect payments.
Prevention check
The payment workflow now requires a receipt check, and a later sample tests its use.
What this shows
Fixing old files and changing the process are complementary actions. The later check shows whether the gap is likely to recur.
What it is often confused with
Completing a checklist does not itself prove the underlying problem was resolved.
What to look at in your business
Keep the original issue, action taken and evidence of the resulting position.
Context and further reading
This entry explains the business term. The related guide below provides the next layer of context; any applicable legal test depends on the transaction and relevant period.
Kosha.Services · Updated 2 October 2026