Consider the Following Procedures for the Verification of Accounts Payable

question 73

Multiple Choice

Consider the following procedures for the verification of accounts payable:
-A number of open vouchers were accidentally omitted from the list given to the auditor.
_____

• A)Verify the accuracy of schedules and agreement with accounts payable balances.
• B)Apply analytical procedures.
• C)Vouch recorded payables.
• D)Confirm accounts payablE.
• E)Perform purchases cutoff test.
• F)Perform cash disbursements cutoff test.
• G)Examine subsequent payments.
• H)Search for unrecorded accounts payablE.
• I)Compare statement presentation with GAAP.

---

Definitions:

Prescribed Penalty

A specific punishment or consequence that is mandated for a particular violation or offense.

Networked Global Marketspace

An integrated and interconnected digital environment that allows for the buying, selling, transferring, or exchange of products and services globally via the Internet.

Business-to-consumer Marketing

Marketing strategies and practices aimed at selling products directly to consumers rather than businesses.

Competitive Environment

The arena of business competition characterized by the active rivalry between firms to gain and maintain customer loyalty and market share.