VOUCHERS PAYABLE, ACCRUED LIABILITIES, AND DEFERRED REVENUE Accounts: 421,431,432,433,435,441,442,461,823,824, and 844 Vouchers Payable VPC uses a voucher system to control all disbursements. Read and study carefully the section of the Permanent File PF-6 dealing with purchasing and cash disbursements. Review the General section, as well. Vouchers are numbered monthly, with the number of the month used as a prefix to the voucher number. At your request, Betty Henry has prepared a workpaper of all unpaid vouchers as of December 31,202. This workpaper has been prepared and is filed with the 202 workpapers as G1. You may assume that the vouchers include all relevant attachments, such as invoices. Vouchers for the period January 1, 20 3 , through January 23,203, are listed in the voucher register and are numbered 1-1 through 1-20, located in the Records folder. Required of Student The primary objectives for the Vouchers Payable section of the audit are that the auditor be satisfied as to: (1) completeness, (2) cutoff, (3) accuracy, (4) classification, and (5) existence. 1. Study workpapers G-1 and G-2 in the 20x1 workpapers and the specific data given above. 2. Review the Vouchers Payable section of the audit program in the current workpaper file. Initial, date, and cross-reference the steps as completed. 3. As to vouchers payable recognized and recorded by the client as of December 31 , 202, complete the required work on workpaper G-1 in the current year workpapers. 4. Carry out a search for unrecorded liabilities and prepare a workpaper for the current year, similar to workpaper G-2 in the 201 workpapers. VOUCHERS PAYABLE, ACCRUED LIABILITIES, AND DEFERRED REVENUE Accounts: 421,431,432,433,435,441,442,461,823,824, and 844 Vouchers Payable VPC uses a voucher system to control all disbursements. Read and study carefully the section of the Permanent File PF-6 dealing with purchasing and cash disbursements. Review the General section, as well. Vouchers are numbered monthly, with the number of the month used as a prefix to the voucher number. At your request, Betty Henry has prepared a workpaper of all unpaid vouchers as of December 31,202. This workpaper has been prepared and is filed with the 202 workpapers as G1. You may assume that the vouchers include all relevant attachments, such as invoices. Vouchers for the period January 1, 20 3 , through January 23,203, are listed in the voucher register and are numbered 1-1 through 1-20, located in the Records folder. Required of Student The primary objectives for the Vouchers Payable section of the audit are that the auditor be satisfied as to: (1) completeness, (2) cutoff, (3) accuracy, (4) classification, and (5) existence. 1. Study workpapers G-1 and G-2 in the 20x1 workpapers and the specific data given above. 2. Review the Vouchers Payable section of the audit program in the current workpaper file. Initial, date, and cross-reference the steps as completed. 3. As to vouchers payable recognized and recorded by the client as of December 31 , 202, complete the required work on workpaper G-1 in the current year workpapers. 4. Carry out a search for unrecorded liabilities and prepare a workpaper for the current year, similar to workpaper G-2 in the 201 workpapers