Purchase and Payment Cycle Audit

Author: Wang Yanming
Publisher:
Publish Date: 2002-07-01
Features: This book is divided into five chapters: Chapter 1: General Introduction, which primarily discusses the audit of the purchasing and payment cycle, the nature of the purchasing and payment cycle, main vouchers and accounting transactions, records, included accounts, and an analysis of audit risks; Chapter 2 provides an overview of the compliance testing and substantive testing of purchasing transactions, as well as the relevant risks and controls; Chapter 3 focuses on accounts payable audit, introducing internal controls, compliance testing, substantive testing, and several issues related to accounts payable audit; Chapter 4 covers the audit of fixed assets and accumulated depreciation, emphasizing the fixed asset cycle, internal controls, audit objectives, compliance testing, and substantive testing; Chapter 5 discusses the audit of other related accounts, such as the audit of prepaid expenses, impairment of fixed assets, construction materials, construction in progress, disposal of fixed assets, and notes payable.