Consider the Following Procedures for the Verification of Accounts Payable

question 69

Multiple Choice

Consider the following procedures for the verification of accounts payable:
-A vendor account, active in the prior year but showing a zero balance at the end of the current year, is materially misstated.
_____

• 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.

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