How to Audit Expenses & Payables

Overview

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.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Objectives

After attending this presentation, you 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.

Highlights

The major topics that will be covered in this course include:

• The basics of auditing expenses.
• Accrued liabilities and other payables.
• Relates audit assertions, risks, and threats to the expenses and payables balances.
• Substantive auditing procedures to peform.