Audit procedures for expenditures

Reference no: EM13176906

"Match the number of the applicable audit procedure with the objective
Audit procedures for Expenditures

1. Select a sample of entries in the cash disbursements journal and compare with related voucher packages.
2. Select a sample of voucher packages and verify proper cancellation.
3. Select a sample of voucher packages, and identify those for which no cash disbursement exists.
4. Select a sample of cash payments made after year-end, and identify those for which there is no related purchase order.
5. Select a sample of cash payments made before year-end and identify those for which there is no related purchase order.
6. Select a sample of cash payments made after year-end and identify those for which there is no related year-end payable.
7. Select a sample of cash payments made before year-end, and identify those for which there is no related payable.

Objectives
a. Test for understatement of accounts payable.
b. Verify that cash disbursements were properly authorized.

Reference no: EM13176906

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