Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 31

Coltrane, CPA, is auditing Jang Wholesaling Company's financial statements and is about to perform substantive audit procedures on Jang's trade accounts payable balances. After obtaining an understanding of Jang's internal control for accounts payable, Coltrane assessed control risk at low. Coltrane requested and received from Jang a schedule of the trade accounts payable prepared using the trade accounts payable subsidiary ledger (voucher register).
Required:
Describe the substantive audit procedures Coltrane should apply to Jang's trade accounts payable balances. Do not include procedures that would be applied only in the audit of related-party payables, amounts withheld from employees, and accrued expenses such as pensions and interest.
(AICPA, adapted)