Question

Which of the following is the best audit procedure for determining the existence of unre-corded 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 the year- end to ascertain whether they have been properly recorded.
d. Examine unusual relationships between monthly accounts payable and recorded purchases.



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  • CreatedOctober 27, 2014
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