IIA-IAP practice question 9 of 35
During an accounts payable audit engagement, the internal auditor found that vendor invoices are always paid 30 days after the invoice date…
Choose your answer, then check it against the explanation.
During an accounts payable audit engagement, the internal auditor found that vendor invoices are
always paid 30 days after the invoice date, regardless of the vendor's payment terms. The auditor
also discovered that accounts payable employees are not comparing vendor invoices received to
previous vendor invoices prior to payment. Based on the auditor's observations, what are the
potential risks?
Question 9 of 35
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