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A 2nd year Audit Trainee assigned to audit the Trade Payables balance of R150 000000 , has presented the following creditor's reconciliation for a creditor
A 2nd year Audit Trainee assigned to audit the Trade Payables balance of R150 000000 , has presented the following creditor's reconciliation for a creditor he selected as part of auditing Trade Payables: The audit trainee stated that he "randomly" selected the above supplier (Baby Seat (Pty) Ltd) from the schedule/listing of creditors. It is sufficient to select a few creditors making up the creditors' balance - and therefore the selection by the audit trainee of the above creditor is appropriate. Select one: True False
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