A. What are management's objectives for Accounts Payable? B. What should be the assertions made by management? C. What are the inherent risks for the Accounts Payable process based on the narrative? D. What are the key controls within the Accounts Payable process? E. List the audit steps you would perform (e... test of controls, substantive audit procedures or analytical procedures) to validate the assertions identified in the previous step. Prepare an audit program for the Accounts Payable process and include whether the audit step is a test of control, substantive audit procedure or analytical procedure. A. What are management's objectives for Accounts Payable? B. What should be the assertions made by management? C. What are the inherent risks for the Accounts Payable process based on the narrative? D. What are the key controls within the Accounts Payable process? E. List the audit steps you would perform (e... test of controls, substantive audit procedures or analytical procedures) to validate the assertions identified in the previous step. Prepare an audit program for the Accounts Payable process and include whether the audit step is a test of control, substantive audit procedure or analytical procedure