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Author Question: When determining the methodology for designing tests of details of balances for accounts payable, (Read 70 times)

danitzaidaly

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on: Aug 21, 2022

Question 1

Auditors are especially concerned about the ________ and ________ balance-related audit objectives because of the potential for understatements in the account balance.
◦ completeness; cutoff
◦ completeness; accuracy
◦ classification; realizable value
◦ classification; cutoff

Question 2

When determining the methodology for designing tests of details of balances for accounts payable,
◦ the focus by many companies on improving their supply-chain management activities has led to numerous changes in the design of systems used to initiate and record acquisition and payment activities.
◦ it is relatively inexpensive to audit accounts payable.
◦ performance materiality for accounts payable is set relatively low.
◦ inherent risk is often set at low.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by danitzaidaly on Aug 21, 2022

jacquelyngibson

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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danitzaidaly

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

xiazhe

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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