Accounts Payable Audit: Search for Unrecorded Liabilities
How to audit accounts payable: why completeness is the main risk, the key procedures, and how to run the search for unrecorded liabilities step by step.
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Notes on audit, AI, and the work of getting the testing right.
Analytical Procedures in Audit: Planning, Substantive, Final
The three stages of analytical procedures in an audit, what AU-C 520 and ISA 520 require, and how to build an expectation precise enough to count as evidence.
Read more →Audit Assertions: The Full List, With Tests for Each
The financial statement assertions under AU-C 315, ISA 315 and PCAOB AS 1105, what each one means, and the audit procedures that test it.
Read more →Audit Confirmations: Bank, Receivables and Payables
How external confirmations work under AU-C 505 and ISA 505: positive vs negative requests, keeping control of the process, non-responses, exceptions and alternative procedures.
Read more →Audit Evidence: Sufficient and Appropriate
What sufficient appropriate audit evidence means under AU-C 500, ISA 500 and AS 1105, how to judge reliability, and how to test reports the client's system produced.
Read more →Audit Procedures: The Seven Types, With Examples
The seven types of audit procedures under AU-C 500 and ISA 500, when each one gives good evidence, and examples by audit area.
Read more →Audit Sampling: Methods and Monetary Unit Sampling
Audit sampling under AU-C 530 and ISA 530: statistical vs non-statistical, selection methods, monetary unit sampling with a worked example, and how to evaluate results.
Read more →Audit Working Papers: What They Must Show
What audit working papers must show under AU-C 230, AS 1215 and ISA 230: structure, assembly and retention deadlines, and common review notes.
Read more →Management Override of Controls: The Required Procedures
Why management override is a significant risk on every audit, and the three procedures AU-C 240, ISA 240 and AS 2401 require: journal entries, estimates and unusual transactions.
Read more →Outsourced Audit Testing for CPA Firms: Options Compared
Short on audit staff? Offshore teams, contract auditors, audit software and testing services compared: who does the work, what you review, and the risks.
Read more →PBC List for an Audit: What to Request and When
What a PBC (prepared by client) list is, a sample list by audit area, and how to get documents back on time and in a format you can test.
Read more →Three-Way Match: How It Works and How Auditors Test It
A three-way match checks the purchase order, receiving report and vendor invoice before payment. How it works, common exceptions, and how auditors test it.
Read more →Vouching vs Tracing in Audit, With Examples
Vouching goes from the books to the documents and tests existence. Tracing goes from the documents to the books and tests completeness. With examples.
Read more →Substantive Testing: Procedures and Examples
Substantive testing explained: analytical procedures vs tests of details, which assertion each covers, what is required, and examples by area.
Read more →Test of Controls in Audit: A Practical Guide
What a test of controls is, when it is required, how to pick attributes and sample sizes, and what to do with a deviation. With a worked AP example.
Read more →Design Principle: Reviewability
In audit, work only counts if someone else can check it. Why we're building Warp around reviewability from the start rather than adding it as a layer later.
Read more →What we learned from talking to 50+ auditors
We talked with more than 50 auditors to understand where the real friction is before deciding what to build. Three problems came up again and again.
Read more →Why we built Warp
Audit testing is too important to be tedious, and too tedious to be done well at scale. Here's how we're thinking about that gap.
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