Explain why examining a sample of cash disbursements made after the end of the year is useful

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Explain why examining a sample of cash disbursements made after the end of the year is useful in determining the completeness of recorded accounts payable at year end.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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