Substantive analytical procedures for auditing accounts


Substantive analytical procedures for auditing accounts payable include

a. comparing current-year balances in accounts payable with prior years’ balances.

b. selecting a sample of vouchers and tracing them to the purchases journal

c. tracing a sample of receiving reports to vendor invoices

d. recomputing the mathematical accuracy of a sample of vendor invoices.

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Financial Management: Substantive analytical procedures for auditing accounts
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