You decided to use a newly acquired audit software package in auditing accounts payable. The accounts payable system has been computerized for several years, and the transaction records are recorded on magnetic disk.
a. Briefly describe five of the major functions of the typical generalized audit software package.
b. List three important steps in auditing of accounts payable for which generalized audit software can be used.
c. Briefly describe how the generalized audit software should be used to perform these audit steps.