Which of the following procedures would an auditor most likely perform in searching for unrecorded liabilities?
A. Vouch a sample of accounts payable entries recorded just before year-end to the unmatched receiving report file.
B. Compare a sample of purchase orders issued just after
year-end with the year-end accounts payable trial balance.
C. Vouch a sample of cash disbursements recorded just after year-end to receiving reports and vendor invoices.
D. Scan the cash disbursements entries recorded just before year-end for indications of unusual transactions.
VCEguide gives free questions, answers and explanations for such certifications as CCNA, CCNP, Azure, A+, Network+, Security+, IBM, VMware...Learn and Pass IT Certification Exams Easily. We does not offer real Microsoft - CompTIA - Amazon - Cisco - Oracle Exam Questions. CFA Institute does not endorse, promote or warrant the accuracy or quality of VCEguide. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
VCEguide does not offer exam dumps or questions from actual exams. We offer learning material and practice tests created by subject matter experts to assist and help learners prepare for those exams. All certification brands used on the website are owned by the respective brand owners. VCEguide does not own or claim any ownership on any of the brands.
Recommended textbook solutions
Glencoe Accounting: First Year Course
1st EditionGlencoe McGraw-Hill
548 solutions
Financial Accounting
9th EditionCharles T. Horngren, Walter T Harrison, Walter T. Harrison Jr.
1,231 solutions
Financial Accounting
9th EditionCharles T. Horngren, Walter T Harrison, Walter T. Harrison Jr.
1,231 solutions
Fundamental Financial Accounting Concepts
9th EditionChristopher Edmonds, Frances M McNair, Philip R. Olds, Thomas P. Edmonds
981 solutions