Prepared by:

[YOUR NAME]

Date:

January 5, 2055

Company Name:

[YOUR COMPANY NAME]

Review vendor setup and maintenance policies

Verify active vendor list for duplicates

Ensure the vendor approval process is followed

Verify all invoices have proper approval

Check invoices for correct amounts and dates

Ensure invoices are matched to purchase orders

Review payments for proper authorization

Check for duplicate payments

Ensure timely and accurate payment processing

Perform monthly reconciliations of AP accounts

Ensure discrepancies are resolved timely

Verify accurate and timely reporting of AP data

Ensure compliance with financial reporting

Review compliance with tax and regulatory requirements

Ensure compliance with internal policies

Review AP process for fraud risks

Test controls in place to prevent fraud