To Test for Cutoff Errors Which Overstate Liabilities, the Auditor

question 124

Multiple Choice

To test for cutoff errors which overstate liabilities, the auditor should trace the receiving reports issued ________ to vendors' invoices.

• A) after year-end
• B) before year-end
• C) the last day of the fiscal year
• D) both before and after year-end

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Definitions:

Ethics

Principles that govern a person's behavior or the conducting of an activity, often acting as a guideline for moral conduct.