Period end: 31/1221 Cumency unk 5 000 N - LEADS Kelerence N -Loud Enter general information. CLIENT New Millennium Benpnwhat Period and: Currency unit Stop 2: Lead schedules. 31/1 2/202 3M13203 Account mo Account Kumne Fre-adjusted Adjustments Year Interim Prior Your Variance In 56 TM/Ref Trade parables 8000 .6500 -1500 235 21100 Other payables -1800 -1800 -1600 FY -200 135 F-TOTAL TOTAL -8100 2153 Step 3: Account delalls, rates, and KPIs 31/12/2021 3V12/2020 Average Payment Period 360 Days - Average A/P 31 dog 30 days Annual Purchases of Goods and Services Expectations about account balances, ratios, and KP'is: / Due to the nature of the client's business and the stability of the primary markets in which it operates, we do not expect the accounts payables balance or creditors days to vary year on year. Comments: / Account details are consistent with previous poriod and in line with ca poctatione. FIGURE 10.6 Working paper for accounts payable. Working papers document the audit evidence collected by the auditors during the financial statement audit. The lead schedule for accounts payable will appear at the beginning of the accoun file. Which of the following would be included on the lead schedule? Pre-adjusted current year's balance and prior year's balance Details of transactions tested for payables Conclusion reached on the overall opinion of the balance in accounts payable d. Agreement of current year's balance to payables balance on trial balance Difference between pre-adjusted balance and prior year balance Documentation showing the vouching of specific accounts payable balances Answer: Compare the information for the current year with the details for the prior year. Do you agree with the auditor's conclusion? Why