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Which of the following procedures would an auditor most likely perform in searching for unrecorded liabilities? A. Trace a sample of accounts payable entries recorded just before year-end to the unmatched receiving report file B. Compare a sample of purchase orders issued just after year-end with the year-end accounts payable trial balance C. Vouch a sample of cash disbursements recorded just after year-end to receiving reports and vendor invoices D. Scan the cash disbursements entries recorded just before year-end for indications of unusual transactionsPosted by Josep | 407 days ago | Finance Of the responses provided, vouching a sample of cash disbursements recorded just after year-end to receiving reports and vendor invoices would most likely be performed by an auditor searching for unrecorded liabilities. This procedure would assure the auditor that the cash disbursements were not for liabilities which should have been recorded in the prior year. Ramakrishna | 407 days ago Recommended textbook solutions
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Would an auditor most likely perform in searching for unrecorded liabilities?In searching for unrecorded liabilities, an auditor most likely would examine the: - Files of purchase requisitions for items ordered just before the year end.
Which of the following audit procedures is best for identifying unrecorded trade accounts payable?Which of the following audit procedures is best for identifying unrecorded trade accounts payable? Reviewing cash disbursements recorded subsequent to the balance sheet date to determine whether the related payable applies to the prior period.
Which of the following audit procedures would be best for identifying unrecorded liabilities?Which of the following audit procedures is best for identifying unrecorded trade accounts payable? Review of cash disbursements recorded subsequent to the balance sheet date to determine whether the related payables apply to the prior period.
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Which of the following procedures is an auditor most likely to perform in searching for unrecorded payables?
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