Which of These Is Not a Procedure for Identifying Unrecorded

question 10

Multiple Choice

Which of these is not a procedure for identifying unrecorded liabilities?

• A) examination of the subsequent period's purchase and payment transactions.
• B) analytical procedures for expense and liability balances.
• C) examination of contractual commitments.
• D) confirmation of accounts payable.

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Definitions:

Unbundling

Use of several Current Procedural Terminology codes for a service when one inclusive code is available.

Fraudulent

Involving or using deceit and deception to gain an unfair advantage or to deprive someone of a legal right.

Compliance Plan

A set of internal policies and procedures implemented by a company to comply with laws, regulations, and ethical standards.

Fraud

Deceptive practice or action intended to result in financial or personal gain.