Multiple Choice
Which of the following audit procedures is aimed most directly at testing the completeness assertion for accounts payable?
A) Footing the list of accounts payable.
B) Examining underlying documentation for cash disbursements in the period after year-end.
C) Tracing shipping reports issued on or before year-end to related customer purchase orders and invoices.
D) Tracing shipping reports after year-end to related customer purchase orders and invoices.
Correct Answer:
Verified
Correct Answer:
Verified
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