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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 1
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    To Test for Cutoff Errors Which Overstate Liabilities, the Auditor
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To Test for Cutoff Errors Which Overstate Liabilities, the Auditor

Question 28

Question 28

Multiple Choice

To test for cutoff errors which overstate liabilities, the auditor should trace, to vendors' invoices, the receiving reports issued:


A) after year-end.
B) before year-end.
C) the last day of the fiscal year.
D) both before and after year-end.

Correct Answer:

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