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2. Accounts payable - Wikipedia

   en.wikipedia.org/wiki/Accounts_payable

   Accounts payable personnel must watch for fraudulent invoices. In the absence of a purchase order system, the first line of defense is the approving manager. However, AP staff should become familiar with a few common problems, such as " Yellow Pages " ripoffs in which fraudulent operators offer to place an advertisement.

3. Audit substantive test - Wikipedia

   en.wikipedia.org/wiki/Audit_substantive_test

   For example, an auditor may: physically examine inventory as evidence that inventory shown in the accounting records actually exists (existence assertion); inspect supporting documents like invoices to confirm that sales did occur (occurrence); arrange for suppliers to confirm in writing the details of the amount owing at balance date as evidence that accounts payable is a liability (rights ...

4. SOX 404 top–down risk assessment - Wikipedia

   en.wikipedia.org/wiki/SOX_404_top–down_risk...

   Control objectives may be organized within processes, to help organize the documentation, ownership and TDRA approach. Typical financial processes include expense & accounts payable (purchase to payment), payroll, revenue and accounts receivable (order to cash collection), capital assets, etc.

5. Management assertions - Wikipedia

   en.wikipedia.org/wiki/Management_assertions

   These assertions are relevant to auditors performing a financial statement audit in two ways. First, the objective of a financial statement audit is to obtain sufficient appropriate audit evidence to conclude on whether the financial statements present fairly, in all material respects, the financial position of a company and the results of its ...

6. ISA 230 Documentation - Wikipedia

   en.wikipedia.org/wiki/ISA_230_Documentation

   ISA 230 Audit Documentation is one of the International Standards on Auditing.It serves to direct the documentation of audit working papers in order to assist the audit planning and performance; the supervision and review of the audit work; and the recording of audit evidence resulting from the audit work in order to support the auditor's opinion.

7. ISA 500 Audit Evidence - Wikipedia

   en.wikipedia.org/wiki/ISA_500_Audit_Evidence

   It is stated in ISA 315 (paragraph A.124) that the auditor should use assertions for classes of transactions, account balances, and presentation and disclosures in sufficient detail to form a basis for the assessment of risks of material misstatement and the design and performance of further audit procedures.