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Author Question: Which of the following is most reliable for verifying the correct balance of accounts payable? (Read 48 times)

jlbond23

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on: Aug 21, 2022

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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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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jlbond23

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

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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