When the auditors select a sample from the vouchers payable register at the end of the period and trace them to underlying documents,the auditors are gathering evidence primarily to support that:
A)Recorded obligations were paid.
B)Incurred obligations were recorded in the correct period.
C)Recorded obligations occurred prior to year-end.
D)Cash disbursements were recorded as incurred obligation.

Question

Quizplus · Accepted Answer

Tracing vouchers to underlying documents helps verify that the recorded obligations actually occurred before the year-end, ensuring the completeness and accuracy of the financial records.

When the Auditors Select a Sample from the Vouchers Payable