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Name
of client: |
Prepared
by: |
File
ref: |
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Year end: |
Reviewed by: |
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Subject: Creditors’ Cut Off |
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Objective |
To ensure that creditors have been correctly cut off. |
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Method |
From the trade suppliers’ invoice files, select the last five purchase invoices received before the year end, and the last five invoices received after the year end. Note the details and ensure they have been recorded in the correct period and in the correct supplier account. From the trade creditor invoice batch listings, select the last five purchase invoices posted to the trade creditors’ control account before the year end, and the first five posted after the year end. Note the details and date posted, and ensure they agree to the invoiced date and details. Ensure they are posted in the correct period. |
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Result |
Page ref: Comments: |
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Conclusion |
According to the audit work performed, the objective has been met/has not been met. Problems recorded: |
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