Basic Staff Training: Accounts Payable, Expenditures, & Related Fraud Risks (Completed)

Are you going to perform an audit on Accounts Payable, Expenditures, & Related Fraud Risks functions? Whether you are a new auditor or just need a refresher on this topic this course is for you. We will review the auditing standards and look at best practices for auditing the cash function. We will review Accounts Payable, Expenditures, & Related Fraud Risks that auditors should be aware of.

From an audit procedure standpoint this session will also focus on the techniques and documentation needs that staff accountant needs to know. In addition, the session will offer practical advice to the senior accountant overseeing the audit on appropriate supervision and review techniques.

Many auditors are so busy they don’t have the time to understand the concepts behind the audit procedures being performed in a given audit area. This session is an audit concepts session that takes the participants on a journey that links the audit procedures to the audit standards. The session will also offer practical ideas on how to make the audit area procedures more efficient while maintaining the audit quality.

Topics Covered

• Auditing accounts payable & expenditures
• Risk Assessment
• A Word about Fraud
• Internal Control
• Substantive Procedures
• Documentation Approach

Learning Objectives

• Identify the auditing standards
• Identify audit procedures for auditing Accounts Payable, Expenditures, & Related Fraud Risks

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None