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  3. Study Set
    Auditing and Assurance Services Study Set 1
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls and 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 19

Question 19

Multiple Choice

The main focus taken by the auditor in verifying liability balances is on the discovery of:


A) understated liabilities.
B) overstated liabilities.
C) unrecorded liabilities.
D) overstated or extraneous liabilities.

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