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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 and Substantive Tests of Transactions, and Accounts Payable
  5. Question
    One Type of Audit Procedure the Auditor Uses to Test
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One Type of Audit Procedure the Auditor Uses to Test

Question 54

Question 54

Essay

One type of audit procedure the auditor uses to test accounts payable is a substantive analytical procedure. Describe why the auditor uses substantive analytical procedures for accounts payable and provide an example.

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Substantive analytical procedures are us...

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