1. When searching for unrecorded liabilities, the auditors consider transactions recorded _____ year-end. (Before , after, close to, near, or during)

2. Accounts payable _______ can be mailed to vendors from whom substantial purchases have been made. (Confirmations, letters, statements, details or ledgers)

3. To gain overall assurance as to the reasonableness of accounts payable, the auditor may consider ________. (Confirmations, statements, returns, ratios, payments or ledgers)

4. When auditors find unrecorded liabilities, before adjusting they must consider _______. (intent, correctness, materiality, details or clients)

5. Auditors need to consider _____ terms for determining ownership and whether a liability should be recorded. (Payment, shipping, historic, debt or collection)