Question

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 to client personnel)?
c. Which assertion do confirmation results most directly address—existence or complete ness?



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  • CreatedOctober 27, 2014
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