Which of the following best explains why accounts payable confirmation procedures are not always used? a. Accounts
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Which of the following best explains why accounts payable confirmation procedures are not always used?
a. Accounts payable are generally insignificant and can be audited by utilizing analytical procedures.
b. Monthly statements from vendors are generally available for audit inspection on the client's premises.
c. The auditor may feel certain that the creditors will press for payment.
d. Creditors seldom respond to confirmation requests so results are of questionable use.
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Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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