Auditing and Assurance Services 1st Edition by Iris Stuart

Exercise 14

Which of the following is a substantive test that an auditor most likely would perform to verify the existence and valuation of recorded accounts payable a. Investigating the open purchase order file to ascertain that prenumbered purchase orders are used and accounted for.
B) Receiving the client's mail, unopened, for a reasonable period of time after the year-end to search for unrecorded vendors' invoices.
C) Vouching selected entries in the accounts payable subsidiary ledger to purchase orders and receiving reports.
D) Confirming accounts payable balances with known suppliers who have zero balances.