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Other Fields Homework Help Accounting Topic started by: booboo123 on Aug 1, 2022



Title: Auditor confirmation of accounts payable balances at the balance sheet date maynotneed to be ...
Post by: booboo123 on Aug 1, 2022
Auditor confirmation of accounts payable balances at the balance sheet date may not need to be performed by the auditor because

▸ this is a duplication of cutoff tests.

▸ there is likely to be other reliable external evidence available to support the balances.

▸ accounts payable balances at the balance sheet date may not be paid before the audit is completed.

▸ correspondence with the audit client's attorney will reveal all legal action by vendors for nonpayment.


Title: Auditor confirmation of accounts payable balances at the balance sheet date maynotneed to be ...
Post by: djbo89 on Aug 1, 2022
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