Multiple Choice
The analytical procedure that requires the auditor to "inspect the list of accounts payable for unusual or non-vendor payables" would have the best chance of discovering which possible error?
A) misstatement of accounts payable and expenses
B) classification error for non-trade liabilities
C) unrecorded accounts or misstatements
D) invalid accounts or misstatements
Correct Answer:
Verified
Correct Answer:
Verified
Q44: To determine whether accounts payable are complete,an
Q45: Comparing expenses to prior years is an
Q46: Discuss the key internal controls related to
Q47: ZyCo has recently converted to a new
Q48: Of these two documents - vendor invoice
Q50: Which business functions are part of the
Q51: What are the significant risks relating to
Q52: An auditor learns that his client has
Q53: An auditor wants to perform tests of
Q54: The purchase order,usually in writing,is a legal