Why is it that when auditors are conducting tests of accounts payable, they are more concerned with

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Why is it that when auditors are conducting tests of accounts payable, they are more concerned with understatement than overstatement of the balance?

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Auditing Assurance Services and Ethics in Australia an Integrated Approach

ISBN: 978-1442539365

9th edition

Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler

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Question Posted: Mar 28, 2017 11:16 AM

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Why is it that when auditors are conducting tests of accounts payable, they are more concerned with

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An understatement of accounts payable usually results in an overstatement of profit as the debit s...View the full answer

Auditing Assurance Services and Ethics in Australia an Integrated Approach

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