Problem

Which of the following is the best audit procedure for determining the existence of unreco...

Which of the following is the best audit procedure for determining the existence of unrecorded liabilities?

A. Examine confirmation requests returned by creditors whose accounts are on a subsidiary trial balance of accounts payable.

B. Examine a sample of cash disbursements in the period subsequent to year-end.

C. Examine a sample of invoices a few days prior to and subsequent to year-end to ascertain whether they have been properly recorded.

D. Examine unusual relationships between monthly accounts payable and recorded purchases.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search