When an auditor selects a sample of items from the vouchers payable register for the last month of the period under audit and traces these items to underlying documents, the auditor is gathering evidence primarily in support of the assertion that:
A. cash disbursements were recorded as incurred obligations.
B. incurred obligations were recorded in the correct period.
C. recorded obligations were paid.
D. recorded obligations were valid.
Answer: D
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All of the following are required for information to be considered a trade secret except:
A. it must have commercial value to its owner. B. the owner must have taken steps to protect it. C. it must be unique. D. it must be something that others do not know.
Online bookmarking, rating of products, and information contributed by consumers are examples of
A) news aggregation. B) media auditing. C) online socializing. D) story-editing. E) user-generated content.
For a ratification to be effective, the principal:
a. must have knowledge of all material facts concerning the transaction. b. must communicate her intent to ratify to the third party. c. must have been in existence when the act was done. d. Must have knowledge of all material facts concerning the transaction and must have been in existence when the act was done.
Group maintenance behavior would be exhibited by a project manager who:
A) Provides the necessary support and technical assistance. B) Plans and schedules activities and resources appropriately. C) Contributes to the completion of project assignments. D) Works with subordinates to understand their problems.