The auditor is most likely to verify accrued commissions payable in conjunction with the:
A)sales cutoff review.
B)verification of employees.
C)review of post balance sheet date disbursements.
D)examination of trade accounts payable.

Question

Quizplus · Accepted Answer

Accrued commissions payable are directly related to sales activities. Therefore, the auditor is most likely to verify these in conjunction with the sales cutoff review to ensure that sales and related commissions are recorded in the correct accounting period.

The Auditor Is Most Likely to Verify Accrued Commissions Payable