Describe why using confirmations for testing completeness of accounts payable is more challenging than using confirmations for

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Describe why using confirmations for testing completeness of accounts payable is more challenging than using confirmations for testing existence of accounts receivable? How can auditors address this challenge (e.g., what is a search for unrecorded liabilities)?

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Auditing Assurance And Risk

ISBN: 9780324313185

3rd Edition

Authors: W. Robert Knechel, Steve Salterio, Brian Ballou

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