You are in the final stages of your audit of the financial statements of Ozine Corporation for the year ended December 31, 2017, when the corporation’s president consults you. The president believes there is no point to your examining the 2015 voucher register and testing data in support of 2018 entries. She stated that any bills pertaining to 2017 that were received too late to be included in the December voucher register were recorded by a year-end journal entry and the internal auditor tested for unrecorded liabilities after the year-end. The president will provide you a letter certifying that there are no unrecorded liabilities.

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