ugaud.ch11.13_1

ugaud.ch11.13_1 - Chapters 11 and 13 What is the primary...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
11 What is the primary audit objective with regard to payables ? completeness Chapters 11 and 13
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
22 liab ility What audit procedures will address the completeness of payables ? inquire of management regarding completeness of payables perform analytical procedures on payables perform a search for unrecorded liabilities
Background image of page 2
33 Search for Unrecorded Liabilities - examine the unpaid vendors’ invoice file after the balance sheet date. Examine those invoices and determine whether the transactions are recorded in the appropriate period. January
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
44 Search for Unrecorded Liabilities - examine vendors’ statements for purchases in the last few days of the year and the first few days of the subsequent year. - Use receiving reports to determine whether the transactions are recorded in the appropriate period. December January
Background image of page 4
55 Search for Unrecorded Liabilities - examine cash disbursements for several days subsequent to year-end to determine if the related liability was recorded at year- end. Tie these cash disbursements back to receiving reports . January
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
66 How is the confirmation process different for Accounts Payable?
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/13/2011 for the course BUSACC 1238 taught by Professor Hoffman during the Spring '11 term at Pittsburgh.

Page1 / 22

ugaud.ch11.13_1 - Chapters 11 and 13 What is the primary...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online