An Audit Plan for Accounts Payable Would Not Include Which

question 61

Multiple Choice

An audit plan for accounts payable would not include which of the following procedures?

• A)Obtaining a trial balance of recorded accounts payable
• B)Sending confirmation to accounts with zero balances
• C)Reviewing cash receipts for the period after year-end.
• D)Obtaining written client representations about related-party payables and pledges of assets as collateral for liabilities

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Definitions:

Demoralized

Refers to a state in which an individual or group feels a loss of courage, confidence, or morale.

George Washington

The first President of the United States (1789–1797), commander of the Continental Army during the American Revolutionary War, and a Founding Father of the United States.

Early in the War

A phase referring to the initial stages of a conflict when strategies are forming, alliances may still be fluid, and the full scale and duration of the war are not yet clear.

Common Sense

A pamphlet written by Thomas Paine in 1776 advocating independence from Great Britain to people in the Thirteen Colonies, emphasizing the need for common sense judgement.