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

Question

Quizplus · Accepted Answer

Substantive tests of payables balances typically include testing the cut-off, searching for unrecorded liabilities, and examining bank reconciliations to ensure completeness and accuracy of the recorded payables.

Which of the Following Are Substantive Tests of Payables Balances