Ways to Audit an Accounts Payable File. An accounts payable audit can be the sole focus or a portion of a full internal audit. General audit strategies are the same, however, regardless of the ...

The auditing procedures for accounts payable for a nonprofit are similar to those for a for-profit enterprise. Auditors check to make sure that a nonprofit's accounts payable meets generally ...

Accounts payable is an account within the general ledger representing a company's obligation to pay off a short-term obligations to its creditors or suppliers.

Let's examine how accounts receivable and accounts payable work together to affect cash flow, look at a few examples, and do some simple math.