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    Modern Auditing Assurance
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    Exam 15: Auditing the Expenditure Cycle
  5. Question
    An Abnormal Decrease in the Accounts Payable Turnover Ratio or Unexpected
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An Abnormal Decrease in the Accounts Payable Turnover Ratio or Unexpected

Question 17

Question 17

True/False

An abnormal decrease in the accounts payable turnover ratio or unexpected increases in the current ratio may provide indicators of overstated liabilities.

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