Which of the Following Is a Procedure Used in an Audit

question 40

Multiple Choice

Which of the following is a procedure used in an audit where there is a heightened risk of fraud related to accounts payable and other related expense accounts?

• A)Send blank confirmations to vendors that ask them to furnish information about all outstanding invoices,payment terms,and payment histories.
• B)Scan journals for unusual or large year-end transactions and adjustments.
• C)Obtain and examine documentation for payments of invoices that are for amounts just under the limit that typically requires some level of approval.
• D)All the above.

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Definitions:

Discourse

A system of meaning that governs how we think, act, and speak about a particular thing or issue.

Presidential Campaign

A period of political activities by candidates seeking to hold presidential office, involving public appearances, policy proposals, and political advertising to win voters' support.

Black Presidential Candidate

Refers to a presidential candidate who is of African or African American descent, representing a significant aspect of racial diversity in political representation.

Colonial Roots

denotes the historical origins and influences stemming from the period of colonization, impacting societies, cultures, and nations.