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Author Question: Which of the following is most reliable for verifying the correct balance of accounts payable? (Read 49 times)

jlbond23

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Question 1

When determining sample sizes for accounts payable tests,
◦ sample sizes rarely vary from audit to audit.
◦ auditors must try to ensure that the population includes all potential payables.
◦ defining the population is a simple procedure.
◦ All of these are correct.

Question 2

Which of the following is most reliable for verifying the correct balance of accounts payable?
◦ vendors' invoices
◦ vendors' statements
◦ confirmations
◦ bills of lading


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Marked as best answer by jlbond23 on Aug 21, 2022

3ginamay

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jlbond23

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Reply 2 on: Aug 21, 2022
Excellent


Zebsrer

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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