hich of the following is correct regarding the result of a cash disbursement cut-off rendered by an auditor to gather evidence regarding the completeness assertion of a financial statements audit client's liability accounts? A. A January cash disbursement entry debiting accrued expense supported by documents dated December shall understate prior year's liability and profit. B. A January cash disbursement entry debiting accrued expense supported by documents dated January shall overstate prior year's liability and profit. C. A January cash disbursement entry debiting expense supported by documents dated January shall understate prior year's liability and overstate prior year's profit. D. A January cash disbursement entry debiting expense supported by documents dated January shall have no effect on the prior year's liability and profit.

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A:

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A: Answer:   Option b

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A: Answer:   Option B

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A: Answer:   Option 3.

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A:

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A: The question is multiple choice question. Required  Choose the Correct Option.

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.