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booboo123 booboo123
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A year ago
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.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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djbo89djbo89
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A year ago
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booboo123 Author
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