Which of the following procedures is least likely to be performed before the balance-sheet date?
A)Observation of inventory
B)Review of internal control over cash disbursements
C)Search for unrecorded liabilities.
D)Confirmation of receivables

Question

Quizplus · Accepted Answer

The search for unrecorded liabilities is typically performed after the balance-sheet date. This procedure is aimed at identifying liabilities that have not been recorded by the end of the reporting period but relate to that period. Observing inventory, reviewing internal controls over cash disbursements, and confirming receivables are tasks that can be performed before the balance-sheet date as part of the audit process.

Which of the Following Procedures Is Least Likely to Be