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NEW QUESTION: 1
A. Option F
B. Option D
C. Option C
D. Option B
E. Option E
F. Option A
Answer: C,E,F
NEW QUESTION: 2
DRAG DROP
Drag the Cisco default administrative distance to the appropriate routing protocol or route. (Not all options are used.) Select and Place:
Answer:
Explanation:
NEW QUESTION: 3
When using confirmations to provide evidence about the completeness assertion for accounts payable, the
appropriate population most likely would be:
A. Invoices filed in the entity's open invoice file.
B. Amounts recorded in the accounts payable subsidiary ledger.
C. Payees of checks drawn in the month after the year-end.
D. Vendors with whom the entity has previously done business.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. When testing the completeness assertion for accounts payable, the appropriate
population would be a list of vendors with whom the entity has previously done business.
Choice "B" is incorrect. Confirming amounts recorded would test the existence assertion, rather than
completeness.
Choice "C" is incorrect. Checks drawn in the subsequent period represent only a subset of the client's
vendor listing. (It would not include liabilities that have not yet been paid). In obtaining information about
the completeness assertion, the auditor is concerned with determining whether liabilities exist which are
not reflected in the client's financial statements.
Choice "D" is incorrect. The invoices filed in the entity's open invoice file would provide only a subset of the
client's vendor listing. (It would not include liabilities for which the invoice had not yet been received.) In
obtaining information about the completeness assertion, the auditor is concerned with determining whether
liabilities exist which are not reflected in the client's financial statements.
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