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Auditors usually send confirmations to obtain evidence about accounts receivable and accounts payable. Answer each of the questions below: Is confirmation presumptively required for accounts
Auditors usually send confirmations to obtain evidence about accounts receivable and accounts payable. Answer each of the questions below:
- Is confirmation presumptively required for accounts receivable, accounts payable, or both?
- Are accounts receivable requests, accounts payable requests, or both mailed by the auditors (as opposed to client personnel)?
- Which assertion do confirmation results most directly addressexistence or completeness?
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