Substantive Procedures to Examine the Completeness Assertion for Accounts Payable

question 38

Multiple Choice

Substantive procedures to examine the completeness assertion for accounts payable include:

• A)selecting a sample of vouchers and agreeing them to authorized purchase orders.
• B)selecting a sample of vouchers and tracing them to the purchases journal.
• C)comparing dates on vouchers to dates in the purchases journal.
• D)recomputing the mathematical accuracy of a sample of vendor invoices.

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Definitions:

Technical Expertise

Technical expertise refers to the specialized knowledge and skills required to perform specific, often complex, tasks proficiently.

Proactive Mediation

An approach to conflict resolution where mediators take active steps to anticipate, prevent, and resolve disputes before they escalate.

High Intensity

Situations, activities, or emotions characterized by a high level of energy, effort, or concentration.

Interparty Hostility

Describes the presence of animosity, aggression, or antagonism between two or more parties, especially in negotiations or conflicts.