FY2025 substantive testing, pass 1

run 1
Materiality $50,000.00 · 25 samples · All cycles
Stratus Compute Inc. · STR-2025-05
bank:109|2025-05-17|2 turns
GapSettled
  1. Auditor
    turn 1
    Procedure · Three-way match

    Could you please show the invoice supporting the $21,275.00 payment to Stratus Compute Inc. on 2025-05-17 (ref STR-2025-05)? bank_transactions#109

  2. Accountant
    turn 1

    The bank transaction bank_transactions#109 for $21,275.00 on 2025-05-17 to Stratus Compute Inc. ties out to the vendor record vendors#1, the invoice invoices#5, and the contract contracts#1. The payment is supported by the ledger entries ledger_entries#517 and ledger_entries#518 which reflect the debit to Accounts Payable and credit to Cash. However, the item is not fully supported because the invoice amount invoices#5 is $2,775.00 (15.0%) above the contract monthly rate contracts#1.

    • △rate_mismatchInvoice STR-2025-05 bills $21,275.00, which is $2,775.00 (15.0%) above the contract monthly rate of $18,500.00.
    Explain this gapDraft an accept-with-noteSimilar items in earlier runs