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Auditing and Assurance Services 1st Edition by Iris Stuart
Edition 1ISBN: 978-0073404004Auditing and Assurance Services 1st Edition by Iris Stuart
Edition 1ISBN: 978-0073404004 Exercise 11
Auditor confirmation of accounts payable balances at the balance sheet date can be unnecessary because a. This is a duplication of cutoff tests.
B) Accounts payable balances at the balance sheet date cannot be paid before the audit is completed.
C) Correspondence with the audit client's attorney will reveal all legal action by vendors for nonpayment.
D) There is likely to be other reliable external evidence to support the balances.
B) Accounts payable balances at the balance sheet date cannot be paid before the audit is completed.
C) Correspondence with the audit client's attorney will reveal all legal action by vendors for nonpayment.
D) There is likely to be other reliable external evidence to support the balances.
Explanation
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The accounts payable are recorded for go...
Auditing and Assurance Services 1st Edition by Iris Stuart
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