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Alem, CPA, is auditing AD wholesaling for the year ended December 31, 2018. Alem has reviewed internal control relating to the purchasing, receiving, trade accounts payable, and cash disbursement processes and has decided not to test controls. Based on analytical review procedures, Alem believes that the trade account payable balance on the balance sheet as of December 31, 2018, may be understated. Alem has requested and obtained a client prepared trade accounts payable schedule listing the total amount owed to each vendor.
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Question 1: What additional substantive audit procedures should Alem apply examining the trade account payable?
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