When Auditing Accounts Payable, Auditors Are Usually Especially Concerned About

question 41

Multiple Choice

When auditing accounts payable, auditors are usually especially concerned about the:

• A) existence and accuracy objectives.
• B) existence and cutoff objectives.
• C) existence and completion objectives.
• D) completeness and cutoff objectives.

---

Definitions:

Phantom Sensations

The perception of sensations, often pain, in a limb that has been amputated, suggesting that sensory processing related to the limb persists in the brain.

Cortex

The outer layer of the brain, involved in numerous high-level functions, including sensation, perception, memory, association, thought, and voluntary physical action.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood control, and the basic emotional drives.

Umami

One of the five basic tastes, characterized by a savory or meaty flavor, and attributed to the presence of glutamates and nucleotides.