To Determine Whether Accounts Payable Are Complete, an Auditor Commonly

question 45

Multiple Choice

To determine whether accounts payable are complete, an auditor commonly performs sampling procedures to test whether all merchandise received is recorded.The population of documents for this test consists of all:

• A)payment vouchers.
• B)receiving reports.
• C)purchase requisitions.
• D)vendor's invoices.

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Definitions:

Voluntary Response Bias

A bias in survey results that occurs when the respondents who choose to participate are not representative of the intended population.

Nonresponse Bias

A bias that occurs in survey statistics when individuals who do not respond differ significantly from those who do, affecting the validity of the results.

Response Bias

A type of bias that occurs when respondents to a survey or study give inaccurate answers, often due to the wording of questions or social desirability.

Undercoverage

A bias in statistical sampling where some members of the intended population are inadequately represented in the sample.