-Obtain transaction details for each invoice comprising the balance for accounts payable. Summarize these transaction amounts into debit and credit totals and agree the amounts to the trial balance or general ledger.
-Test for potential error invoices - same vendor number, same invoice number, but having different amounts
- Prepare a trend line of invoices in order to determine the reasonableness of amounts. Special attention should be paid to invoices dated just before year end and quarter-end dates. Trends should include the following formats: By year and by month /
By year and by quarter