Which substantive analytical procedure would help determine if there are unrecorded or nonexistent accounts?
A) Review the list of accounts payable for unusual items.
B) Compare acquisition-related expense account balances with prior years.
C) Calculate ratios, such as accounts payable divided by current liabilities.
D) Calculate ratios, such as sales divided by gross profit.

Question

Quizplus · Accepted Answer

The Answer of Which substantive analytical procedure would help determine if there are unrecorded or nonexistent accounts?
A) Review the list of accounts payable for unusual items.
B) Compare acquisition-related expense account balances with prior years.
C) Calculate ratios, such as accounts payable divided by current liabilities.
D) Calculate ratios, such as sales divided by gross profit.

Which Substantive Analytical Procedure Would Help Determine If There Are