To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all:
A)payment vouchers.
B)receiving reports.
C)purchase requisitions.
D)vendors' invoices.

Question

Quizplus · Accepted Answer

Receiving reports document the receipt of merchandise by the company, making them the appropriate population for testing the completeness of accounts payable by verifying that all received goods are recorded.

To Determine Whether Accounts Payable Are Complete, an Auditor Performs