The auditing procedures for accounts payable for a nonprofit are similar to those for a for-profit enterprise. Auditors check to make sure that a nonprofit's accounts payable meets generally accepted ...

An accounts payable audit can be the sole focus or a portion of a full internal audit. General audit strategies are the same, however, regardless of the reason or reasons for which it's taking place.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...