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Author Question: In searching for unrecorded liabilities, the purpose of the audit procedure to "examine underlying ... (Read 83 times)

ksmithunr

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on: Aug 21, 2022

Question 1

In determining that the accounts payable cutoff is correct, it is essential that the cutoff tests be coordinated with the
◦ confirmation of payables.
◦ tests of long-term liabilities.
◦ observation of inventory.
◦ cash count.

Question 2

In searching for unrecorded liabilities, the purpose of the audit procedure to "examine underlying documentation for subsequent cash disbursements" is to
◦ uncover liabilities on the balance sheet which should not have been recorded until a subsequent period.
◦ find the documentation relating to a cash disbursement.
◦ uncover payments made in a subsequent accounting period for liabilities that existed at the balance sheet date.
◦ uncover cash disbursements recorded in a subsequent accounting period which should be recorded in this period.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by ksmithunr on Aug 21, 2022

heathercab

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ksmithunr

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

ryhom

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Reply 3 on: Yesterday
Excellent

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