Audit Concepts for Accounts Payable, Expenditures, and Related Fraud Risks (Currently Unavailable)

Author: Alan Anderson

Audit Concepts for Accounts Payable, Expenditures and Related Fraud Risks, looks at key considerations in risk assessment, internal control and the audit plan for the audit of Accounts Payable, expenditures and underlying fraud risk. Topics covered in this course include: risk assessment concepts related to accounts payable and expenditure testing; typical key controls related to the audit assertions for accounts payable and expenditures; audit assertions linked to related audit procedures; analytical review as a substantive procedure for expenditures; typical fraud schemes related to unauthorized expenditures and how to test them; efficient approaches for conducting the search for unrecorded liabilities; and appropriate documentation of work performed.

Publication Date: January 2016

Designed For
CPAs and auditors in public practice.

Topics Covered

• Accounts payable
• Risk assessment
• Internal controls
• Substantive procedures
• Fraud schemes

Learning Objectives

• Recognize the accounting for accounts payable and expenditures
• Effectively review audit plans and the work of staff in the area of AP and expenditures
• Determine the risk of fraud when auditing AP

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None