小編導(dǎo)讀： USCPA美國注冊會(huì)計(jì)師，是由AICPA美國注冊會(huì)計(jì)師協(xié)會(huì)頒發(fā)，是全球財(cái)會(huì)證書中含金量*6的證書之一，因其具備全球簽字權(quán)，可換全球八個(gè)國家的會(huì)計(jì)資格證而成為全球使用范圍最廣的財(cái)會(huì)證書。
In order to efficiently establish the correctness of the accounts payable cutoff, an auditor will be most likely to
A. Compare cutoff reports with purchase orders.
B. Coordinate mailing of confirmations with cutoff tests.
C. Coordinate cutoff tests with physical inventory observation.
D. Compare vendors’ invoices with vendors’ statements.
Answer:C
C is corrent because the auditor seeks to determine that both sides of the purchase transaction, inventory acquisition, and accounts payable, are treated in the proper period. Thus, payables should exist for items received before year-end and for other goods for which title has passed.
A is incorrect since the purchase order (generally an internal document) is of limited assistance, if any, in determining when title has passed.
B is incorrect because, although cutoff tests and accounts payable both relate to year-end balances, coordinating the mailing of confirmations is not necessary.
D is incorrect because the evidence obtained by comparing invoices with statements does not answer the question of when title passed. In this situation, the auditor seeks to determine that both sides of the purchase transaction are treated in the proper period. To make this determination, the auditor must know when title has passed.