In testing for the completeness of accounts payable at year-end the auditor examines a sample of paid voucher packets
A)during the cut-off period at year-end.
B)during the last month of the fiscal year.
C)during the month subsequent to the fiscal year.
D)during the fiscal year.

Question

Quizplus · Accepted Answer

Examining paid voucher packets during the month subsequent to the fiscal year helps ensure that liabilities incurred before year-end are recorded in the correct period, thus testing for completeness.

In Testing for the Completeness of Accounts Payable at Year-End