Question

Which of the following procedures would an auditor most likely perform in searching for unrecorded payables?

A. Reconcile receiving reports with related cash payments made just prior to year-end.

B. Contrast the ratio of accounts payable to purchases with the prior year's ratio.

C. Vouch a sample of creditor balances to supporting invoices, receiving reports and purchase orders.

D. Compare cash payments occurring after the balance sheet date with the accounts payable trial balance.

Answer

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