Is 3 way Matching comes under Compliance testing

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Kishore Nuthalapati

Accountant for multiple small entities

171 Points Joined September 2022

Hi Sir/ Madam

Good afternoon

Could some one please advise whether 3 way matching in Audit process can be considered as Compliance test in Audit procedures

Please advise
Thanks in advance

Replies (1)

Neha

ENTREPRENEUR

300 Points Joined March 2009

Yes, 3-way matching can be considered as a compliance test in audit procedures. 3-way matching is a process used to ensure that the amounts on purchase orders, invoices, and receiving reports all match.