Substantive Procedures to Examine the Cutoff Assertion for Accounts Payable

question 24

Multiple Choice

Substantive procedures to examine the cutoff 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 agreeing them to the purchases journal.
• C) Selecting a sample of receiving reports around year-end and comparing dates on related vouchers to dates in the purchases journal.
• D) Recomputing the mathematical accuracy of a sample of vendor invoices.

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Definitions:

Sense of Humor

The ability to perceive, enjoy, or express what is amusing, comical, incongruous, or absurd.

Levy Sanctions

The act of imposing penalties or restrictive measures on individuals, organizations, or countries to influence behavior or enforce compliance with laws or regulations.

Session Agenda

A detailed plan or schedule outlining the subjects, activities, or discussions to be covered during a meeting or session.

Educational Group

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