Searching for unrecorded liabilities: (a) is a rarely performed audit procedure. (b) is always performed by confirming
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Searching for unrecorded liabilities:
(a) is a rarely performed audit procedure.
(b) is always performed by confirming accounts payable.
(c) can be done by examining subsequent payments or unmatched invoices.
(d) is part of testing the mathematical accuracy of the payables transaction file.
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Related Book For
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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