The following are typical questions that might appear on an internal control questionnaire for accounts payable. 1. Are monthly statements from vendors reconciled with the accounts payable listing? 2. Are vendors’ invoices matched with receiving reports before they are approved for payment? Describe the manner in which each of the above procedures might be tested.

Question

The following are typical questions that might appear on an internal control questionnaire for accounts payable.

1. Are monthly statements from vendors reconciled with the accounts payable listing?

2. Are vendors’ invoices matched with receiving reports before they are approved for payment?

 

Describe the manner in which each of the above procedures might be tested.

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