Audit of Payables


Procedures/ Controls to be followed

1. Trace receivable report

2. Investigate reconciling items

3. Test verification of invoices

4. Match invoices to dispatch log

5. Confirm receivable balance

6. Review payment receipts

7. Assess doubtful accounts

8. Review credit/ debit notes

9. Invoices and hold sales/ services/ revenue

10. Sales/ services/ revenue return

11. Related party receivables

12. Trend Analysis


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