Which of the following procedures would the auditor perform in testing the completeness assertion for accounts payable?
A) Examine a sample of cash disbursements made after year end to determine whether the disbursements were for goods applicable to the previous year.
B) Reconcile vendor's statements with the accounts receivable trial balance.
C) Examine production equipment for useful lives.
D) Gather purchase orders immediately previous to and subsequent to year-end.

Question

Quizplus · Accepted Answer

The auditor examines cash disbursements made after year-end to identify any liabilities that should have been recorded in the previous year, ensuring that all accounts payable are complete.

Which of the Following Procedures Would the Auditor Perform in Testing