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Master the Audit of Accounts Payable and Expenses Now

Master the Audit of Accounts Payable and Expenses Now

Accounts payable is usually one of the more important audit areas. Why? Risk. First, it’s easy to increase net income by not recording period-end payables. Second, many forms of theft occur in the accounts payable area. In this post, I’ll answer questions such as, “how should we test accounts payable? ” And “should I perform fraud ...

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