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  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    The Main Focus Taken by the Auditor in Verifying Liability
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The Main Focus Taken by the Auditor in Verifying Liability

Question 71

Question 71

Multiple Choice

The main focus taken by the auditor in verifying liability balances is on the discovery of I. understated liabilities.
II) omitted liabilities.


A) I only
B) II only
C) both I and II
D) neither I nor II

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