Audit Inquiry: Melody Makers
QAS Self Study
Basic Knowledge Level
Last reviewed Nov 26, 2024 at 12:00 AM
CPE Credits Awarded: 0.5
Fields of Study: Auditing
Tags: GenAIAudit Interviewing Soft Skills
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
Skillabyte LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.