Utilize this audit report sample to communicate issues and findings from a forensics analysis and accounts payable transactional review. This report, generated by internal audit, provides a comprehensive analysis of accounts payable transactions, vendor master files, purchase orders, invoices and payment data. Primarily, it identifies potential issues such as duplicate payments, incomplete vendor records and inefficiencies within the AP process. 

This document also outlines strategic recommendations for optimizing procurement policies, improving contract visibility, implementing vendor self-service portals, and enhancing overall AP policy adherence through detailed documentation and training. Additionally, it includes a Phase 2 road map detailing prioritized actions to mitigate current pain points like duplicate payments and streamline payment processes through automated solutions such as ACH payments. This report sample serves as both a diagnostic tool and a strategic guide for executives seeking to refine their financial operations and enhance organizational performance.  

Recommendations include:  

• Validate and recover duplicate payments
• Enhance the AP process to reduce duplicate payments and optimize prepayments and all other payment processes
• Clean up accounts payable