Auditing Expenditure Cycle
Auditing Expenditure Cycle
ENRIQUEZ, Jayson ESCOBEDO, Xybelle NARVAEZ. Juana Marie PAZ, Gene Kelly RED, Sunshine RENIVA, Leandra ROMANA, Fatima Bianca ULAYE, Vanessa
Receiving Department
-Improved inventory control -Better cash management -Less time lag -Better purchasing time management -Reduction of paper documents
PAYROLL PROCEDURES
General expenditure procedures that apply to all vendors will not apply to employees Writing checks to employees DRAWBACKS to requires special controls using regular A.P. General expenditure and cash procedures are designed to disbursements accommodate relatively systems to do payroll smooth flow of transactions
Data processing
Output Control
Process Control
Input Control
Transaction logs
Transaction listing Logs of automatic transactions Unique transaction identifiers Error listing
Understanding Data
File structures: Inventory file Purchase order file Purchase order line item file Receiving report file Disbursement voucher file