Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

b.

To determine

Explain the test of details of balances audit program for accounts payable.

c.

To determine

Explain the effects of test of details of balances in audit procedure.

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

e.

To determine

Calculate the estimated misstatement in income statement.

f.

To determine

Estimate the total misstatements in accounts payable.

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.