An auditor is planning the testing of the accounts payable balance.The auditor's main concerns should be
A) existence and accuracy.
B) completeness and cutoff.
C) occurrence and cutoff.
D) valuation and accuracy.
Question also found in study guide

Question

Quizplus · Accepted Answer

The auditor's main concerns for accounts payable are completeness, to ensure all liabilities are recorded, and cutoff, to verify transactions are recorded in the correct period.

An Auditor Is Planning the Testing of the Accounts Payable