How to Audit Expenses & Payables

Overview

It is imperative that audit staff understand the fundamentals of expenses & payables. This course will cover the basics of auditing expenses, accrued liabilities, and other payables, including the related audit assertions, risks, & threats to the expenses & payables balances. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through some real-world examples.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

This course qualifies for yellow book credit.

Highlights

The major topics that will be covered in this course include:

• The basics of auditing expenses.
• Accrued liabilities and other payables.
• Relates audit assertions, risks, and threats to the expenses and payables balances.
• Substantive auditing procedures to peform.

Prerequisites

None

Designed For

Accountants who audit expenses and payables.

Objectives

After attending this presentation, you will be able to...

• Recall the audit assertions applicable to the expenses & payables balances.
• Recognize risks & threats to the expenses & payables balances.
• Identify substantive auditing procedures that are used to obtain comfort over expenses & payables.

Preparation

None