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Other Fields Homework Help Accounting Topic started by: Cadish on Jul 19, 2017



Title: Gina is performing the audit of the payables section of Reno Inc. She wants to confirm the payables ...
Post by: Cadish on Jul 19, 2017
Gina is performing the audit of the payables section of Reno Inc. She wants to confirm the payables from an independent source. Which of the following sources would represent an independent provider?
A) Confirm an interco payable with the CEO of the US branch of Reno Inc.
B) Confirm the account payable with Clarkson Corp. The CFO of Clarkson is the wife of the controller of Reno.
C) Confirm the line of credit balance with Citizen Bank. Reno does all its banking with Citizen and it also has a long-term loan there.
D) Confirm the account payable to Suco Inc. The CEO of Reno owns 30% of the outstanding shares of Suco.


Title: Re: Gina is performing the audit of the payables section of Reno Inc. She wants to confirm the ...
Post by: charleshardt on Jul 19, 2017
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