accounts payable audit checklist

How to Prepare for an AP Audit: A Controller’s Step-by-Step Guide

TL;DR The auditor’s sample list arrives. Fifteen transactions. You need the PO, the approval, and the goods receipt for each one. You have two weeks. Invoices were approved over email. POs were created after the fact. Receipts were never matched. By the time an auditor asks for a transaction from six months ago, the trail… Continue reading How to Prepare for an AP Audit: A Controller’s Step-by-Step Guide