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:

Trade Union

An organization of workers formed to protect and advance their rights and interests through collective bargaining and other means.

Collective Interests

are shared objectives or goals that are of common concern to a group or society as a whole.

Professional Association

An organization seeking to further a particular profession, protect the interests of its members, and maintain standards within the field.

Trade Union

An organization of workers designed to facilitate collective bargaining with employers over wages, work conditions, and benefits.