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Author Question: Auditor confirmation of accounts payable balances at the balance sheet date maynotneed to be ... (Read 37 times)

Deej

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Question 1

Discuss the circumstances in which it is desirable to send confirmation requests to the client's vendors.

Question 2

Auditor confirmation of accounts payable balances at the balance sheet date may not need to be performed by the auditor because
◦ this is a duplication of cutoff tests.
◦ there is likely to be other reliable external evidence available to support the balances.
◦ accounts payable balances at the balance sheet date may not be paid before the audit is completed.
◦ correspondence with the audit client's attorney will reveal all legal action by vendors for nonpayment.


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Marked as best answer by Deej on Aug 21, 2022

zubair1583

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Deej

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


adammoses97

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Reply 3 on: Yesterday
Excellent

 

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