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Cadish Cadish
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7 years ago
Auditor confirmation of accounts payable balances at the balance sheet date may be unnecessary because
A) this is a duplication of cutoff tests.
B) accounts payable balances at the balance sheet date may not be paid before the audit is completed.
C) correspondence with the audit client's lawyer will reveal all legal action by vendors for nonpayment.
D) there is likely to be other reliable external evidence available to support the balances.
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Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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victroxvictrox
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Cadish Author
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6 years ago
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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