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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 1
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    The Overall Objective in the Audit of Accounts Payable Is
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The Overall Objective in the Audit of Accounts Payable Is

Question 34

Question 34

Multiple Choice

The overall objective in the audit of accounts payable is to determine whether accounts payable:


A) is fairly stated and properly disclosed.
B) is overstated.
C) is understated.
D) is accurately stated.

Correct Answer:

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