Skillabyte

Module Overview

In this task, you will carry out audit procedures for Melody Makers Inc. Your task involves auditing a segment of the purchase-to-pay (P2P) process by reviewing documentation, recording your observations, and then interviewing the accounts payable manager. Following the interview, you will finalize the audit documentation, draw conclusions regarding accounts payable, and take a brief quiz.

Learning Objectives

Evaluate the effectiveness of internal controls within the purchase-to-pay cycle.
Identify the correct methods for documenting audit procedures and findings using audit work papers to record relevant information.
Recognize key techniques for preparing and conducting interviews with personnel to gather insights and address potential audit issues.

Prerequisite Knowledge

None

Advance Preparation

None