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.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...