audit 8 Test
Enter the letter for the matching Answer
| A. A substantive procedure to test the completeness assertion for liability accounts.B. Receiving reportsC. Search for unrecorded liabiilites.D. An account used for special purposes such as payroll or branch banking that is maintained at a zero or fixed balance in the general ledger. Checks witten on the account are offset by deposits of the same amountE. Accounts payable are not materially understated.F. A bill sent from the vendor to the entity purchasing hte goods or servicesG. Examine a sample of cash disbursements in the period subsequent to year endH. The official who signs the check should compare the check with the voucher and should stamp "PAID" on the voucher documents.I. The annual report of gross salaries and wages and the income, Social Secirity, and Medicare taxes withheld.J. InvoicesK. CompletenessL. Refusal by the purchasing department to approve the vendor.M. The recording of expenidutres as assets and charging them to expense by a systematic allocation over a number of yearsN. Failing to record a liability as an expenseO. Legal expenseP. The recognition of expenses in the same period as associated revenuesQ. The tests of a sample of transactions during the period for monetary errorsR. Personnel tin the furniture company's purchasing department should compre the purchase requisition with the purchase order.S. Cost of Goods SoldT. The fictitious or separated employees fraudulently maintained on the payroll to obtain checks. |
Type the Answer that corresponds to the displayed Question.
Type the Question that corresponds to the displayed Answer.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
607483217