Identify the given statements are correct or incorrect with respect to the confirmation process when applied to accounts receivable .

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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. cutoff

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Chapter 11, Problem 41OQ

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Identify the given statements are correct or incorrect with respect to the confirmation process when applied to accounts receivable.

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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. cutoff

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