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Author Question: Under which of the following circumstances would it be advisable for the auditor to confirm accounts ... (Read 37 times)

Dannyrod2

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Under which of the following circumstances would it be advisable for the auditor to confirm accounts payable with creditors?
◦ The internal accounting control over accounts payable is effective, and there is sufficient evidence on hand to minimize the risk of a material misstatement.
◦ The confirmation response is expected to be favorable, and accounts payable balances are of immaterial amounts.
◦ The creditor statements are not available and internal control over payables is deficient.
◦ The majority of accounts payable balances are with associated companies.


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Marked as best answer by Dannyrod2 on Aug 21, 2022

ad2018

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Dannyrod2

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Reply 2 on: Aug 21, 2022
Excellent


vickybb89

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Reply 3 on: Yesterday
:D TYSM

 

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