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Auditing and Assurance Services 1st Edition by Iris Stuart
Edition 1ISBN: 978-0073404004Auditing and Assurance Services 1st Edition by Iris Stuart
Edition 1ISBN: 978-0073404004 Exercise 8
When using confirmations to provide evidence about the completeness assertion for accounts payable, the appropriate population most likely would be a. Vendors with whom the entity has previously done business.
B) Amounts recorded in the accounts payable subsidiary ledger.
C) Payees of checks drawn in the month after the year-end.
D) Invoices filed in the entity's open invoice file.
B) Amounts recorded in the accounts payable subsidiary ledger.
C) Payees of checks drawn in the month after the year-end.
D) Invoices filed in the entity's open invoice file.
Explanation
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The accounts payable are recorded for go...
Auditing and Assurance Services 1st Edition by Iris Stuart
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