BALANCE-RELATED AUDIT OBJECTIVES
	Detail tie-in	Existence	Completeness	Accuracy	Cutoff	Classification	Obligations	Presentation
1. Obtain list of accounts payable. Foot the list and agree to general ledger.
2. Trace all items on the list over $10,000 to vendors invoice and supporting documents.
3. Obtain vendors statements for 20 vendors with greatest volume of purchases, plus 10 others, by confirmation. Reconcile statements to accounts payable list.
4. Examine all subsequent period disbursements and payments in process of amounts over $5,000 to determine if they were recorded in the proper period.
5. Review the list of accounts payable for proper classification of accounts due to related parties, debit balances, or items with unusual terms.