Which of the Following Is the Best Audit Procedure for Determining

question 4

Multiple Choice

Which of the following is the best audit procedure for determining the completeness of the accrued liabilities listing?

• A)Examine unusual relationships between monthly accounts payable balances and recorded purchases.
• B)Examine confirmation requests returned by creditors whose accounts appear on a subsidiary trial balance of accounts payable.
• C)Examine a sample of cash disbursements in the period subsequent to year-end.
• D)Examine a sample of invoices a few days prior to and subsequent to year-end to ascertain whether they have been properly recorded.

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Definitions:

Fourth Crusade

A military expedition from 1202 to 1204, originally intended to conquer Muslim territories in the Holy Land but diverted to Constantinople, leading to the sacking of the city.

Constantinople

An ancient city, now known as Istanbul, that has served as the capital of the Roman, Byzantine, Latin, and Ottoman empires.

Monreale

A town in Sicily, Italy, known for its Norman-Byzantine cathedral, celebrated for its golden mosaics.

Iconoclasm

The action of attacking or assertively rejecting cherished beliefs and institutions or established values and practices; also refers specifically to the historical periods when religious icons were destroyed or rejected.