Which of the Following Audit Procedures Is Best for Identifying

question 17

Multiple Choice

Which of the following audit procedures is best for identifying unrecorded trade accounts payable?

• A)Reviewing cash disbursements recorded subsequent to the balance sheet date to determine whether the related payable applies to the prior period.
• B)Investigating payables recorded just prior to and just subsequent to the balance sheet date to determine whether they are supported by receiving reports.
• C)Examining unusual relationships between monthly accounts payable balances and recorded cash payments.
• D)Reconciling vendors' statements to the file of receiving reports to identify items received just prior to the balance sheet date.

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Definitions:

Moose Population

A group or number of moose living within a specific area, subject to factors like predation, food availability, and environmental conditions.

Wolf Population

A group of wolves living in a specific area, whose dynamics can impact and reflect the ecological balance of their habitat.

Survivorship Curve

A graph of the number of surviving individuals of a cohort, from birth to the maximum age attained by any individual.

Elephants

Large mammals with trunks, known for their intelligence, social behavior, and being the largest land animals.