Auditing the Purchase, Acquisition and Expenditure Cycle
In this lesson, we learn how to audit the purchasing cycle, which includes the acquisition of assets and expenses.
Purchasing Cycle Timeline
See the videos in the presentations above. They are all also here.
Overview of the Purchasing Process
Control Activities Test of Controls
Auditing Accounts Payable and Accrued Expenses
Test Details Account Balances & Disclosures
Purchasing Process Inherent Control Risks