Author 1 of 1 r , | Unsplit Split Horiz Split Vertical plit Vertical MINUT SECON
ID: 2590346 • Letter: A
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Author 1 of 1 r , | Unsplit Split Horiz Split Vertical plit Vertical MINUT SECONDS Help Scroll down to complete all parts of this task. A CPA fim is engaged to conduct the Year 2 audit of Blossom Macarons Co. During the planning phase of the audit, the audit team has determined that the Accounts Payable process is material to the financial statements. An audit staff has pulled the prior year Year 1) documentation for the process and retrieved preliminary supporting documentation from the client as part of a roll forward request list. Pror to conducting the Year 2 walkthrough, you, as the audit senior on this engagement, are responsible for reviewing the prior year Accounts Payable walkthrough documentation along with the provided walkthrough support located in the Exhibits tab to obtain an understanding of the process and determine whether any updates are needed for the current year. To revise the Accounts Payable walkthrough documentation, click on each segment of underlined text below and select the needed correction, if any, from the list provided. If the underined text is already correct and does not need to be updated, select [Original text] from the list. If removal of the underlined text is the best revision, select [Delete text] from the list. Walkthrough Template Company Financial Statement Date: Walkthrough Process: Blossom Macarons Co. December 31, Year 1 Accounts Payable 1 2 3 4 5 6 7 8 9 DirectionsExplanation / Answer
1) Upon receiving the payment request and approved voucher package, the A/P Lead reviews the payment request to validate that the payment request amount is consistent on the purchase order, receiving report and invoice.
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