As Part of Accounts Payable Testing, an Auditor Reviews Cash

question 2

Multiple Choice

As part of accounts payable testing, an auditor reviews cash payments made post balance date.This is done mainly to gain evidence about which assertion?

• A)Valuation and allocation.
• B)Rights and obligations.
• C)Completeness.
• D)Existence.

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Definitions:

Unstated Premise

An underlying assumption in an argument that is not expressed directly.

Educational Shows

Television programs or series designed with the primary intent of educating the viewers.

Negative Singular Proposition

A statement that denies something about a specific individual or distinct entity.

Distributed Terms

Terms in a categorical syllogism that apply to all members of its category.