audit for the accounts payable


I

Irene

I looked at the accounts payable transaction file which inlcude the
vendor information and invoice information.
If most of the order quantity in the invoices are between a certain
interval, what action should be taken for the audit?
 
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R

Rocinante

I looked at the accounts payable transaction file which inlcude the
vendor information and invoice information.
If most of the order quantity in the invoices are between a certain
interval, what action should be taken for the audit?
What is it that you want to test?
 
P

Paul Thomas, CPA

Rocinante said:
Yes, some kind of sampling is involved.




Oh to be the auditor of a brewery or winery or distillery.................

"Honey, I'll be late tonight.....I have "sampling" to do"
 
I

Irene

All this sounds like a book exam or homework to me.
Hi,

It is not homework. Just some questions I think of when I practice the
software.

Thanks for your reply.
 
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I

Irene

Yes, some kind of sampling is involved.
I think the same with you. I think the auditor should sampling withing
the interval and can do the audit separately for the transactions that
is out of the interval.

Thanks again for your help!
 

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