Which of the following are substantive tests of payables balances that are always performed?
A) performing a search for unrecorded liabilities
B) examining the client's bank reconciliations
C) testing the cut-off by inspecting the payments ledger and supporting documents to determine that transactions are recorded in the correct period
D) all of the above.

Question

Quizplus · Accepted Answer

Performing a search for unrecorded liabilities, examining the client's bank reconciliations, and testing the cut-off by inspecting the payments ledger and supporting documents to determine that transactions are recorded in the correct period are all substantive tests of payables balances that are always performed.

Which of the Following Are Substantive Tests of Payables Balances