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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
    To Test for Overstatement Cutoff Amounts When Auditing Accounts Payable
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To Test for Overstatement Cutoff Amounts When Auditing Accounts Payable

Question 5

Question 5

True/False

To test for overstatement cutoff amounts when auditing Accounts payable, the auditor should trace receiving reports issued before year-end to related vendors' invoices to make sure they are not recorded as Accounts payable.

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