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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 30
Which of the following is the best audit procedure for determining the existence of unrecorded liabilities?
A) Examine confirmation requests returned by creditors whose accounts are on a subsidiary trial balance of accounts payable.
B) Examine a sample of cash disbursements in the period subsequent to year-end.
C) Examine a sample of invoices a few days prior to and subsequent to the year-end to ascertain whether they have been properly recorded.
D) Examine unusual relationships between monthly accounts payable and recorded purchases.
A) Examine confirmation requests returned by creditors whose accounts are on a subsidiary trial balance of accounts payable.
B) Examine a sample of cash disbursements in the period subsequent to year-end.
C) Examine a sample of invoices a few days prior to and subsequent to the year-end to ascertain whether they have been properly recorded.
D) Examine unusual relationships between monthly accounts payable and recorded purchases.
Explanation
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If we want to verify unrecorded liabilit...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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