Multiple Choice
The auditor has decided to use accounts payables confirmations when testing substantive testing for balances.Which two management assertions is she testing?
A) Existence and completeness
B) Existence and occurrence
C) Existence only
D) Completeness only
Correct Answer:
Verified
Correct Answer:
Verified
Q8: In searching for unrecorded liabilities, the purpose
Q22: A document used by organizations to establish
Q48: Which of the following is not an
Q58: The acquisition and payment cycle typically begins
Q60: Failure to record the acquisition of goods
Q65: Cutoff procedures for inventory purchased should be
Q66: The documents typically used to reconcile the
Q66: At what point do most companies recognize
Q102: The accounts payable department usually has responsibility
Q143: Describe the audit procedures typically used to