procedures for expenses and its related payable. In testing the completeness/cut-off assertion, what document would you most likely inspect? Group of answer choices a. Accounts payable subsidiary ledger. b. Vendor invoice register 15 days before and 15 days after report date. c. Purchase journal 15 days before and 15 days after report date. d. Cash disbursement journal
1. You are tasked to perform cut-off procedures for expenses and its related payable. In testing the completeness/cut-off assertion, what document would you most likely inspect?
Group of answer choices
a. Accounts payable subsidiary ledger.
b. Vendor invoice register 15 days before and 15 days after report date.
c. Purchase journal 15 days before and 15 days after report date.
d. Cash disbursement journal 15 days before and 15 days after report date.
2. During the review of loan contracts and agreements, the auditor would most likely figure out the following, except:
Group of answer choices
a. The existence of loans.
b. The completeness of loans.
c. The accuracy of interest expense recorded by the entity.
d. Related disclosures pertaining to assets pledged as collateral.
Step by step
Solved in 3 steps
