What are the risks associated with auditing accounts payable? Can you explain the process of auditing accounts payable using confirmations.
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What are the risks associated with auditing accounts payable? Can you explain the process of auditing accounts payable using confirmations.
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- To gather audit evidence related to accounts receivable, the client should mail the confirmation requests. TRUE OR FALSE? WHY?Why is it important to emphasize the existence assertion when auditing accounts receivable?How would you distinguish forensic accounting, fraud auditing, and investigative auditing from financial auditing?
- the auditor is planning to use accounts payable confirmations when auditing the client's accounts payable. The use of accounts payable confirmations will test which of the following assertions? a. rights and obligations b. existence (only) c. existence and completeness d. cutoffwhen auditing VAT payable account, what are the considerations that you need to remember and procedures that you need to do say that you have gained a reasonable assurance of its compliance with standards and regulatory protocols?How is Accounts Receivable audited?