To determine whether accounts payable are complete, an auditor commonly performs sampling procedures to test whether all merchandise received is recorded.The population of documents for this test consists of all:
A)payment vouchers.
B)receiving reports.
C)purchase requisitions.
D)vendor's invoices.

Question

Quizplus · Accepted Answer

Receiving reports document the receipt of goods from vendors and are used to ensure that all received goods are recorded in the accounts payable ledger. This makes them the appropriate population for testing the completeness of accounts payable.

To Determine Whether Accounts Payable Are Complete, an Auditor Commonly