Engagement
Payment obligation review
Focused testing of payment timing, late-fee clauses, and settlement offsets against your accounts payable and receivable ledgers.
Overview
When the question is narrower — “Were we paid (or did we pay) according to the schedule?” — a payment obligation review concentrates on due dates, grace periods, interest or late-fee clauses, and agreed offsets.
What we examine
- Contractual payment calendars and any amended schedules
- Invoice date versus contractual trigger events
- Remittance evidence and uncleared items
- Application of early-payment discounts and withholdings
Deliverable
A findings schedule listing each tested obligation, evidence reference, and variance. Suitable as an appendix to an internal control memo or board pack.
Fees
Starting at HK$38,000 for a single counterparty relationship covering one financial year. Multi-currency or multi-entity payables are scoped separately.
Ready to scope this engagement?
Tell us which contracts and ledgers need review. We reply within two business days with a proposed timeline.
Request this audit