Audit of the Acquisition and Payment Cycle(英文版)(ppt 36頁)

Audit of the Acquisition and Payment Cycle(英文版)內容提要：
Understand Internal Control：
The auditor gains an understanding of internal
control for the acquisition and payment
cycle by studying the client’s flowcharts,
preparing internal control questionnaires,
and performing walk-through tests for
acquisitions and cash disbursements.
Control Activities：
Purchase requisitions/orders are authorized
Restricted access to assets - inventory, plant, check book
Setup accounts payable only when required documents are present and checked to PO
Record payable when goods or services received
Record payment when check is sent

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