Other Liabilities Audit Work Program

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Other Liabilities Work Program

This audit work program sample reviews other liabilities to ensure that the processes of approval, maintaining subsidiary ledgers and periodic reconciliation to the general ledger accounts are adequately controlled.

Sample steps include: obtain a detailed list of other liabilities, detailing the type, amount and origin, including taxes payable and deferred revenue; document the process for initiating and authorizing transactions; review the policies and procedures related to the other liabilities accounting area; and develop a narrative describing the roles, responsibilities and process for initiating, calculating, authorizing and recording these accounts.

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