In Testing for the Completeness of Accounts Payable at Year-End

question 72

Multiple Choice

In testing for the completeness of accounts payable at year-end the auditor examines a sample of paid voucher packets

• A)during the cut-off period at year-end.
• B)during the last month of the fiscal year.
• C)during the month subsequent to the fiscal year.
• D)during the fiscal year.

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Definitions:

Relative Frequency

A measure of the proportion of all observations within a dataset that fall within a particular category or range of values.

Superheroes

Fictional characters with extraordinary powers or abilities, often featured in comic books and movies, who use their powers to fight evil.

Cross-Sectional Study

A type of observational study that analyzes data collected from a population, or a representative subset, at a specific point in time.

Predictive Validity

Refers to the extent to which a score on a scale or test predicts future performance on some outcome.