medium10 pts · first answer countsassertionssubstantive-testing

Finding unrecorded liabilities

Which procedure is most useful in a search for unrecorded liabilities at year end?

A.Confirming the largest supplier balances recorded in the ledger onlyB.Recalculating depreciation on fixed assetsC.Reviewing payments made and supplier invoices received after year end to see if they relate to the yearD.Inspecting share certificates

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Finding unrecorded liabilities

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