When auditing accounts payable, auditors are usually especially concerned about the:
A) completeness and cutoff objectives.
B) existence and completion objectives.
C) existence and accuracy objectives.
D) existence and cutoff objectives.

Question

Quizplus · Accepted Answer

When auditing accounts payable, auditors are usually especially concerned about ensuring completeness and cutoff objectives are met. This means that all accounts payable should be recorded, and the transactions should be recorded in the correct accounting period.

When Auditing Accounts Payable, Auditors Are Usually Especially Concerned About