ACCT6079– Method and Practice of Computerized Audit

You are conducting account payable (AP) transactions audit. Your client sent you AP data, that consists
of the following table:

1. AP_Trans  records all AP transactions during the period

2. Vendor  records all valid and registered vendor data
3. Inventory  records all valid and registered product data

Task 01

To analyze the transaction, you need to understand the data by grouping or summarizing the AP
transactions based on:

1. Vendor number and vendor name to find the total Invoice Amount and Quantity. What Vendor
number that has the highest Invoice Amount? What Vendor number who has the highest
Quantity?
2. Product number and product name to find the total Invoice Amount and Quantity. What
Product number has highest and lowest Invoice Amount? What Product number has highest and
lowest Quantity?
3. Invoice date to find invoice amount based on the AP transaction number of days. Give your
opinion regarding the results.

Task 02

As part of the audit of Accounts Payable, you want to identify all invoices (Invoice_Amount) greater
than $50,000 so that you can vouch the transaction to original documentation (i.e., approved purchase
order, receiving records). Use ACL to identify all Accounts Payable invoices greater than $50,000 and
compute the total value of those transactions. Why is it important for auditors to determine if large
purchases are properly authorized?

Hint: You may want to use “Extract” command.