Auditors usually send confirmations to obtain evidence about accounts receivable and accounts payable a Is confirmation presumptively required for accounts receivable, accounts payable, or both b Are accounts receivable requests, accounts payable requests, or both mailed by the auditors (as opposed...

a Confirmation of accounts receivable is presumptively required while confirmation of accounts pa ...

Auditors usually send confirmations to obtain evidence about accounts receivable and accounts payable. a. Is confirmation presumptively

Question:

Auditors usually send confirmations to obtain evidence about and Is confirmation presumptively required for or both?
b. Are requests, requests, or both mailed by the auditors (as opposed to client personnel)?
c. Which assertion do confirmation results most directly address—existence or complete ness?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...