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All of the data for this problem is on a public Google drive file. https://drive.google.com/a/carrotmetrics.com/file/d/0B0GNd3inPkokRGk5aHJSNmFxTG8/view?usp=sharing Assume that your understanding of internal controls over acquisitions and
All of the data for this problem is on a public Google drive file. https://drive.google.com/a/carrotmetrics.com/file/d/0B0GNd3inPkokRGk5aHJSNmFxTG8/view?usp=sharing
Assume that your understanding of internal controls over acquisitions and cash dis- bursements and the related tests of controls and substantive tests of transactions support an assessment of a low control risk. The listing of the 519 accounts making up the ac- counts payable balance of $12,969,686 at December 31, 2016, is available online. a. List those relationships, ratios, and trends that you believe will provide useful infor- mation about the overall reasonableness of accounts payable. You should consider income statement accounts that affect accounts payable in selecting the analytical procedures Assume that your understanding of internal controls over acquisitions and cash dis- bursements and the related tests of controls and substantive tests of transactions support an assessment of a low control risk. The listing of the 519 accounts making up the ac- counts payable balance of $12,969,686 at December 31, 2016, is available online. a. List those relationships, ratios, and trends that you believe will provide useful infor- mation about the overall reasonableness of accounts payable. You should consider income statement accounts that affect accounts payable in selecting the analytical proceduresStep by Step Solution
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