The auditor has decided to use accounts payables confirmations when testing substantive testing for balances. Which two management assertions is she testing?
A) Existence and Completeness
B) Existence and Occurrence
C) Existence Only
D) Completeness Only

Question

Quizplus · Accepted Answer

When using accounts payable confirmations, the auditor is testing both the existence (that the balance exists and is accurate) and completeness (that all applicable payables are recorded).

The Auditor Has Decided to Use Accounts Payables Confirmations When