Below are listed four procedures typically performed during an audit of accounts payable:
Audit procedures:
a.Test the mathematical accuracy of the accounts payable subsidiary ledger.
b.Select samples of vouchers to examine in detail.
c.Determine whether cash discounts were properly applied.
d.Stratify accounts by value.
Required: Briefly state a generalized audit software technique that could be used to perform each procedure,assuming that the accounts payable application is computerized.

Question

Quizplus · Accepted Answer

The Answer of Below are listed four procedures typically performed during an audit of accounts payable:
Audit procedures:
a.Test the mathematical accuracy of the accounts payable subsidiary ledger.
b.Select samples of vouchers to examine in detail.
c.Determine whether cash discounts were properly applied.
d.Stratify accounts by value.
Required: Briefly state a generalized audit software technique that could be used to perform each procedure,assuming that the accounts payable application is computerized.

Below Are Listed Four Procedures Typically Performed During an Audit