Under what conditions is an auditor most likely to confirm payables?
Question:
Under what conditions is an auditor most likely to confirm payables?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
An auditor is most likely to confirm payables outstanding amounts owed by a company to its suppliers ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions 1. Analytical procedures performed in the overall review stage of an audit suggest that several accounts have unexpected relationships. These results most likely would...
-
Multiple Choice 1. An auditor would be most likely to identify a contingent liability by obtaining a (n) a. Accounts payable confirmation. b. Bank confirmation of the entitys cash balance. c. Letter...
-
1. Which of the following presumptions is correct about the reliability of evidential matter? a. Information obtained indirectly from outside sources is the most reliable evidential matter. b. To be...
-
"A 10% uniaxial tensile strain has been applied to a mouse tail tendon fascicle. Using Davis and De Vita's nonlinear viscoelastic model, plot the change in axial stress over time. Given: c1=20.3 MPa;...
-
What are the effects of using fine vs. coarse powders in making P/M parts? Explain.
-
Albany, NY. For transportation, the group will rent a car from either the State Tech Motor Pool or a local car dealer. The Motor Pool charges $0.36 per mile, has no daily fee, and pays for the gas....
-
Who are the members of an audit committee? What things might an auditor discuss with them during the initial meeting? What things might be discussed during the course of an audit?
-
Preparing sales budgets with different assumptions Applebaum Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic...
-
! Required information [ The following information applies to the questions displayed below. ] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 3...
-
Why is confirmation ineffective in detecting understatement of liabilities?
-
What procedures might an auditor use in testing the valuation assertion for purchases and payables?
-
What is VAR?
-
Many credit cards charge 18%-24% annual interest. Do you think this is fair? Do you think this is a justifiable rate? Should rates be lower for certain age groups or individuals or for different...
-
The following information pertains to Rica Company: Sales (50,000 units) $1,000,000 Manufacturing costs: Variable 340,000 Fixed 70,000 Selling and admin. expenses: Variable 10,000 Fixed 60,000 How...
-
On December 31, 2023, Bramble Company had the following balances reported on its balance sheet: Notes Receivable $16,500 Interest Receivable $90.00 The following information is available for the...
-
Based on the MarketLive Report you just found. What is one of the company's threats as listed in the SWOT Analysis? (Important: To get this correct, use the MarketLive Report you found from the...
-
Evaluate. 0-3 (9x + y) dx dy 0 -3 (9x + y) dx dy = (Simplify your answer.)
-
Roscoe Corp. was organized on January 2, 2011. It was authorized to issue 74,000 shares of common stock. On the date of organization, it sold 20,000 shares at $50 per share and gave the remaining...
-
A bar of a steel alloy that exhibits the stress-strain behavior shown in Figure 6.22 is subjected to a tensile load; the specimen is 375 mm (14.8 in.) long and has a square cross section 5.5 mm (0.22...
-
The following events apply to Gulf Seafood for the Year 1 fiscal year: The company started when it acquired $ 1 6 , 0 0 0 cash by issuing common stock. Purchased a new cooktop that cost $ 1 3 , 8 0 0...
-
The balance sheet of XYZ Ltd. on December 31, 2023, is provided below: Item Amount ($) Accounts Payable 1,590,000 Notes Payable 1,570,000 Accrued Expenses 1,450,000 Total Current Liabilities ?...
-
Calculate Debt to Equity Ratio: Requirements: Given the balance sheet information: Total Debt: $400,000 Total Equity: $800,000 Compute the debt to equity ratio. Express the debt to equity ratio as a...
Study smarter with the SolutionInn App