Auditors can inspect the "unmatched invoice file" and compare it to the "unmatched receiving report" file to determine whether liabilities are unrecorded.
Correct Answer:
Verified
Q2: All pay base data (hours,job number,absences,etc.)should be
Q3: The emphasis is on the existence assertion
Q4: Proper separation of duties involves authorization of
Q5: Checks are signed by the accounts payable
Q6: Persons in charge of authorization and custody
Q8: Purchases are ordered by a purchasing department
Q10: Purchase orders are "open" from the time
Q11: Normally,liabilities should be recorded on the date
Q12: The principal goal of the physical inspection
Q34: When confirming accounts payable,emphasis should be put
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