wk 5-1 Please advise

The auditors may decide to confirm accounts payable on an audit engagement. Address the following:

• Describe the audit circumstances in which the auditors are likely to decide to confirm accounts payable.
• Describe the types of accounts payable the auditors are likely to select for confirmation.
• Describe why auditors are concerned with the completeness of accounts payable.
• Describe three ways in which the auditors establish the completeness of accounts payable.

In the audit of interest-bearing debt, auditors identify audit objectives and then determine appropriate audit procedures. Address the following as well

• List the audit objectives for substantive tests of interest-bearing debt.
• List seven substantive tests for interest-bearing debt to help the auditors meet the audit objectives.