Principles Of Auditing & Other Assurance Services
Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Chapter 14, Problem 19RQ
To determine

State and explain the higher-quality evidence out of the vendor’s statement and accounts payable confirmation.

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Audit evidence can come in different forms with different degrees of reliability. Which of the following types of evidence is the least reliable?a. Invoices from suppliersb. Bank statements obtained from clientsc. The calculations made by the auditord. Sales invoice unnumbered
Which of the following is NOT an example of externally generated evidence sent directly to the auditor? O supplier invoices O bank confirmations O payable confirmations responses to legal letters
What are the risks associated with auditing accounts payable? Can you explain the process of auditing accounts payable using confirmations.
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