State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

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Answer 1

Question

Chapter 8, Problem 42EP

a.

To determine

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

b.

To determine

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

c.

To determine

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

d.

To determine

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

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Answer 2

Question

Chapter 8, Problem 42EP

a.

To determine

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

b.

To determine

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

c.

To determine

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

d.

To determine

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

Expert Solution & Answer

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Answer 3

Question

Chapter 8, Problem 42EP

a.

To determine

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

b.

To determine

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

c.

To determine

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

d.

To determine

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

Expert Solution & Answer

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Answer 4

Question

Chapter 8, Problem 42EP

a.

To determine

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

b.

To determine

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

c.

To determine

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

d.

To determine

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 42EP

a.

To determine

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

b.

To determine

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

c.

To determine

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

d.

To determine

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

Answer 6

Chapter 8, Problem 42EP

a.

To determine

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

Answer 7

Chapter 8, Problem 42EP

a.

To determine

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

Answer 8

b.

To determine

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

Answer 9

b.

To determine

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

Answer 10

c.

To determine

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

Answer 11

c.

To determine

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

Answer 12

d.

To determine

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

Answer 13

d.

To determine

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 8 - Prob. 1RC Ch. 8 - Prob. 2RC Ch. 8 - Prob. 3RC Ch. 8 - Prob. 4RC Ch. 8 - Prob. 5RC Ch. 8 - Prob. 6RC Ch. 8 - Prob. 7RC Ch. 8 - Prob. 8RC Ch. 8 - How would substantive procedures for accounts...Ch. 8 - Prob. 10RC

State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

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State the effect on procedure for unrecorded liabilities when client made a journal entry to record bills that was received later.

State the effect on test for identification of unrecorded liability by letter received from management that certifies to the best of their knowledge all liabilities are recoded

Identify if the requirement to perform the test for unrecorded liability is eliminated or reduced because of the internal audit work.

Mention the additional resources for identifying the unrecorded liability other than 2018 voucher register.

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Chapter 8 Solutions