Determining the existence of unrecorded liabilities

Reference no: EM13141509

Which of the following is the best audit procedure for determining the existence of unrecorded liabilities?

a. Examine confirmation requests returned by creditors whose accounts appear on a subsidiary trial balance of accounts payable.

b. Examine a sample of cash disbursements in the period subsequent to year-end.

c. Examine a sample of invoices a few days prior to and subsequent to the year-end to ascertain whether they have been properly recorded.

d. Examine unusual relationships between monthly accounts payable and recorded purchases.

Reference no: EM13141509

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