AFM 451: Group 9

CASH DISBURSEMENT ANALYSIS

SPREADSHEET INVOICING

WALKTHROUGH

5% PRE-TAX INCOME

A/P TESTING

5 SUBSTANTIVE TESTS

PERFORMANCE MATERIALITY

VENDOR INVOICES

$5 215

TRACING/VOUCHING

CONSERVATIVE APPROACH

OBSERVATION

HIGHEST RISK AREA

INQUIRY

A/R TESTING

ANALYSIS