How to Audit Expenses & Payables
It is imperative that audit staff understand the fundamentals of expenses & payables. This course will cover the basics of auditing expenses, accrued liabilities, and other payables, including the related audit assertions, risks, & threats to the expenses & payables balances. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through some real-world examples.
Upon completing this course, learners will be able to:
- Recall the audit assertions applicable to the expenses & payables balances
- Recognize risks & threats to the expenses & payables balances
- Identify substantive auditing procedures that are used to obtain comfort over expenses & payables