Auditing Accounts Payable and Accrued Expenses

Authored by Joanne Flood, CPA-MBA
About this Course
In this course you'll learn the importance of understanding the accounting system related to purchases, payables, and accrued expenses - an understanding necessary to plan your procedures. Through an interactive case study, you'll practice the critical substantive test and be able to assess if your search for unrecorded liabilities is thorough enough to gain comfort that material unrecorded liabilities have been detected.
Learning Objectives
  • Match the audit procedures typically performed in the accounts payable and accrued expenses areas to the stated audit objectives and related assertions
  • Effectively review the accounting system and internal control over accounts payable
  • Properly perform a search for unrecorded liabilities
  • Avoid common audit inefficiencies and oversights when auditing accounts payable and accrued expenses
Key Topics
  • Understanding the accounts payable cycle
  • Proper cut-off and classification
  • Common accounts payable and accrued expenses audit procedures and techniques
  • Searching for unrecorded liabilities
Who will it benefit?
New Staff covers key areas to ensure auditors are well prepared to begin their careers. The Audit Staff Essentials Level I courses establish a strong set of core skills necessary for junior staff growth.
$ 85.00
AICPA Member Price: $ 69.00
Course is unavailable for purchase.
NASBA Field of Study
Accounting and Auditing
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
Last Updated