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Author Question: When auditors examine vendors' statements or receive confirmations, there must be a reconciliation ... (Read 51 times)

connormoss

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on: Aug 21, 2022

Question 1

Vendors' statements and vendors' invoices are both relatively reliable evidence because they
◦ come directly to the auditor without being in client's possession.
◦ originate from a third party.
◦ validate the effectiveness of the control system.
◦ are compared to and reconciled with sales invoices.

Question 2

When auditors examine vendors' statements or receive confirmations, there must be a reconciliation of the statement or confirmation with the
◦ accounts payable list.
◦ vendors' invoices.
◦ purchase orders.
◦ receiving reports.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by connormoss on Aug 21, 2022

msgero

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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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connormoss

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Excellent

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