An examination of the balance in the accounts payable account is ordinarily not designed to a. Verify
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An examination of the balance in the accounts payable account is ordinarily not designed to
a. Verify that accounts payable were properly authorized.
b. Detect accounts payable that are substantially past due.
c. Ascertain the reasonableness of recorded liabilities.
d. Determine that all existing liabilities at the balance sheet date have been re¬ corded.
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Related Book For
Auditing Integrated Concepts And Procedures
ISBN: 9781260299397
5th Edition
Authors: Donald H. Taylor, G. William Glezen
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