The Client May Use a Variety of Methods to Understate

question 86

Multiple Choice

The client may use a variety of methods to understate expenses and payables.These include

• A)failure to review accounts payable at the end of the year
• B)failure to record payroll expense or fringe benefits at year end
• C)failure to record accrued expenses at year end
• D)failure to accrue interest income at year-end
• E)failure to review long term liabilities
• F)both A and D
• G)both B and C

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