ACCA每日一小考 9.9号 正确答案与解析

The auditor of Limitless Co has decided not to carry out a confirmation of trade accounts payable at the year-end, and wants to devise alternative procedures which achieve the same audit objective.

Which of the following procedures is not relevant to this objective?
A. Scrutinise goods received records to confirm whether invoices have been received and posted.
B. Reconcile payables ledger accounts with suppliers' statements.
C. Check suppliers' invoices with authorised purchase orders.
D. Review individual payables ledger accounts to ascertain whether the balance is made up of specific items.

正确答案：C
答案解析：


The correct answer is: Check suppliers' invoices with authorised purchase orders.
The trade payables' confirmation is principally a test for understatement of liabilities. Other procedures to confirm completeness, existence, ownership and valuation will be necessary if no confirmation is to be conducted. Other options are all alternative procedures which are principally designed to test for understatement of trade payables. Checking suppliers' invoices with authorised purchase orders is a test for overstatement of purchases and as such will also give assurance as to overstatement of trade payables.