The Analytical Procedure That Requires the Auditor to "Inspect the List

question 49

Multiple Choice

The analytical procedure that requires the auditor to "inspect the list of accounts payable for unusual or non-vendor payables" would have the best chance of discovering which possible error?

• A)misstatement of accounts payable and expenses
• B)classification error for non-trade liabilities
• C)unrecorded accounts or misstatements
• D)invalid accounts or misstatements

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Definitions:

Intrapreneurship

The act of behaving like an entrepreneur while working within a large organization.

Allocate Time

The process of scheduling or assigning time to tasks or activities in order to manage it effectively.

Business Management

Business management encompasses the planning, organizing, directing, and controlling of a company's resources and operations to achieve its objectives.

Obtaining Financing

entails securing funds or capital necessary to start, operate, or expand a business, typically through loans, investments, or grants.