Which of the Following Is a Procedure Used in an Audit

question 40

Multiple Choice

Which of the following is a procedure used in an audit where there is a heightened risk of fraud related to accounts payable and other related expense accounts?

• A)Send blank confirmations to vendors that ask them to furnish information about all outstanding invoices,payment terms,and payment histories.
• B)Scan journals for unusual or large year-end transactions and adjustments.
• C)Obtain and examine documentation for payments of invoices that are for amounts just under the limit that typically requires some level of approval.
• D)All the above.

---

Definitions:

Placement Interviewing

The process of conducting interviews with candidates to assess their suitability for specific positions within an organization.

Primary Responsibility

The most important duty or task that an individual or entity is expected to perform.

Performance Appraisal

A regular review of an employee's job performance and overall contribution to a company.

Submitted on Time

The act of delivering or completing work within the designated or required timeframe.