Audit Accounts Receivable

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Audit Accounts Receivable Accounts receivable are an integral part of any business as it is important to ensure the timely collection of payments from customers. These amounts owed are stated on invoices that are issued by the seller and imply that the customer has been granted credit. The credit limit of individual customers is determined … Read more

Audit Accounts Payable

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Audit Accounts Payable Accounts payable is the responsibility of the department responsible for processing obligations to suppliers for goods and services purchased on credit. The department must ensure that all payments are made within the agreed terms to avoid any penalties or interest payments. Furthermore, the department must maintain a good relationship with the supplier … Read more