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We can apply the audit procedures for accounts payable auditing. We contrast the confirmation of accounts payable with the confirmation of accounts receivable in terms
We can apply the audit procedures for accounts payable auditing. We contrast the confirmation of accounts payable with the confirmation of accounts receivable in terms of the principal audit objectives and the nature of the accounts selected. Yet, why the confirmation of payables is not a required audit procedure as it is with receivables? Explain?
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