Auditing Purchasing and Payables (CRS-3001)

Overview

Delivery method

Self-Paced/Virtual

Duration

1h

Audience

All employees

Description

Course description: Accounts Payable is a Financial Statement Line Item (“FSLI”) that exists in all audit entities. To audit accounts payable (“AP”) effectively and efficiently, you need to understand the underlying business process, the accounting entries required, and related risks. In this course, you will learn about the purchasing and payables business process, which will assist you in this understanding and help you to audit accounts payable.

Target audience: All auditors. Available to CCOLA members.

Completion timelines: Must be completed upon Annual Audit 2 course completion.

Externally hired employees:

Time code: PD2499