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Accounts Payable MCQs

What role does technology serve in the auditing of accounts payable?

Because invoices, expense reports, checks, and other supporting documents are digitized, the auditing process is simpler and more concise.

It makes the auditing process easier because all forms can be sent directly to the government.

Technology allows accounts payable work to be shifted to managers.

Technology allows a company to outsource its accounts payable to competitors.

Answer

Correct Answer: Because invoices, expense reports, checks, and other supporting documents are digitized, the auditing process is simpler and more concise.

Explanation:

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