Blank Accounts Payable Audit Checklist
Prepared by: | [YOUR NAME] |
Date: | January 5, 2055 |
Company Name: | [YOUR COMPANY NAME] |
1. Vendor Master File
Audit Task | Status (Complete/In Progress/Not Started) | Comments/Findings | Responsible Person | Due Date |
|---|
Review vendor setup and maintenance policies | | | | |
Verify active vendor list for duplicates | | | | |
Ensure the vendor approval process is followed | | | | |
2. Invoices
Audit Task | Status (Complete/In Progress/Not Started) | Comments/Findings | Responsible Person | Due Date |
|---|
Verify all invoices have proper approval | | | | |
Check invoices for correct amounts and dates | | | | |
Ensure invoices are matched to purchase orders | | | | |
3. Payments
Audit Task | Status (Complete/In Progress/Not Started) | Comments/Findings | Responsible Person | Due Date |
|---|
Review payments for proper authorization | | | | |
Check for duplicate payments | | | | |
Ensure timely and accurate payment processing | | | | |
4. Reconciliations
Audit Task | Status (Complete/In Progress/Not Started) | Comments/Findings | Responsible Person | Due Date |
|---|
Perform monthly reconciliations of AP accounts | | | | |
Ensure discrepancies are resolved timely | | | | |
5. Reporting
Audit Task | Status (Complete/In Progress/Not Started) | Comments/Findings | Responsible Person | Due Date |
|---|
Verify accurate and timely reporting of AP data | | | | |
Ensure compliance with financial reporting | | | | |
6. Compliance
Audit Task | Status (Complete/In Progress/Not Started) | Comments/Findings | Responsible Person | Due Date |
|---|
Review compliance with tax and regulatory requirements | | | | |
Ensure compliance with internal policies | | | | |
7. Fraud Prevention
Audit Task | Status (Complete/In Progress/Not Started) | Comments/Findings | Responsible Person | Due Date |
|---|
Review AP process for fraud risks | | | | |
Test controls in place to prevent fraud | | | | |
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