Which of the following best describes the auditors' approach to the audit of accrued liabilities?
A)Test computations.
B)Confirmation.
C)Observation.
D)A low planned assessed level of control risk.

Question

Quizplus · Accepted Answer

Testing computations is a common approach auditors use to verify the accuracy and completeness of accrued liabilities. They may examine calculations for accruals to ensure they are based on valid and reliable data. Confirmation, observation, and a low planned assessed level of control risk are not specifically related to the audit of accrued liabilities.

Which of the Following Best Describes the Auditors' Approach to the Audit