When auditing accounts payable,the auditor would most likely review a sample of cash disbursements throughout the year to determine whether disbursements for goods and services are applicable to the subsequent year.

Question

Quizplus · Accepted Answer

The statement is incorrect. When auditing accounts payable, the auditor would review a sample of cash disbursements throughout the year to determine whether disbursements for goods and services are accurately recorded, properly authorized, and supported by appropriate documentation, not whether they are applicable to the subsequent year.

When Auditing Accounts Payable,the Auditor Would Most Likely Review a Sample