Two Parts: Part 1) If auditors are concerned about the completeness of accounts payable, they will send accounts payable confirmations to:

a. a random sample of all vendors.

b. primarily vendors with large accounts payable balances.

c. all vendors.

d. primarily vendors with small or zero accounts payable balances

Part 2)

John Collins has custody of the company's cash assets. He steals a cash remittance and covers the theft by recording a bad-debt write off. It is most likely that there was a failure in the area of __________.

a. physical controls

b. authorization control

c. Rights and obligations.

d. Segregation of Duties