Audit and Accounting > Debtors

Debtors is one of the major areas of success with IDEA. The main objective is to check for the validity of items. This encompasses suppliers over-pricing, invalid invoices, frauds of various types, accidental duplication and simply picking up expenses out of control.

The following are commonly used tests (grouped by type).

Analysis

  • Analyse credit amount
  • Stratify debit value by debtor amount and analyse any unusual items
  • Summarise by debtor name

Calculations

  • Re-calculate debit value

Exception Tests

  • Isolate any credit values
  • Isolate any zero values
  • Test for any missing information from records

Gaps and Duplicates

  • Test for duplicate debtor numbers
  • Test for duplicate invoice numbers and/or amount
  • Test for duplicate debtor names and addresses

See Also

  • Creditors
  • Purchases and Payments