Which of the following audit procedures is least appropriate for addressing the assertion of valuation of liabilities?   a. Confirm with creditors b. Test for unrecorded liabilities. c. Perform analytical procedures. d. Verify accounts payable trial balance

Business/Professional Ethics Directors/Executives/Acct
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ISBN:9781337485913
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Chapter5: Corporate Ethical Governance & Accountabililty
Section: Chapter Questions
Problem 18.6EC
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  1. Which of the following audit procedures is least appropriate for addressing the assertion of valuation of liabilities?

 

a. Confirm with creditors

b. Test for unrecorded liabilities.

c. Perform analytical procedures.

d. Verify accounts payable trial balance

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