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opfaluyi opfaluyi
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A year ago
In searching for unrecorded liabilities, the purpose of the audit procedure to "examine underlying documentation for subsequent cash disbursements" is to

▸ uncover liabilities on the balance sheet which should not have been recorded until a subsequent period.

▸ find the documentation relating to a cash disbursement.

▸ uncover payments made in a subsequent accounting period for liabilities that existed at the balance sheet date.

▸ uncover cash disbursements recorded in a subsequent accounting period which should be recorded in this period.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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hmging94hmging94
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A year ago
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opfaluyi Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
Gorgio_De
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this is exactly what I needed
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