Using the information provided in the example and the results of analytical procedures performed in problem 12-32,

Question:

Using the information provided in the example and the results of analytical procedures performed in problem 12-32, explain the substantive audit procedures, audit evidence, and related management assertions that you would need for the test of details of the balance.

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...