This work program explains the audit steps that should be followed while evaluating a company’s compliance with corporate policies, procedures and known best practices in relation to accounts payable.
Project work steps include: conduct a planning meeting to discuss scope, approach and timing; determine the appropriate auditee contact; obtain sufficient understanding of the audit area; determine if an internal audit of this area has been done previously; utilize any previous work products for training and development of the current plan; obtain and review the policy and procedures for AP; use self-assessment material to have the auditee evaluate their own control environment.
Risk & Control Matrices - RCMs
Accounts Payable RCM
Policies & Procedures
Accounts Payable Policy