Publicly held companies, or private companies that apply for credit, must have routine audits of financial transactions conducted. Outside agencies, not affiliated with the company, perform these ...

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 reason or reasons for which it's taking place.

A report on Carson City’s accounts payable process found a few areas for improvement. The Audit Committee on Wednesday heard a report on testing of internal controls for the city’s purchasing and ...