Question: Respond and Explain. Analyze the risks associated with auditing accounts payable. Explain the process of auditing accounts payable using confirmations. Determine why third parties are

Respond and Explain.

Analyze the risks associated with auditing accounts payable. Explain the process of auditing accounts payable using confirmations.
Determine why third parties are important to the audit of debt and equity. How do auditors interact with third parties to gain audit evidence when auditing debt and equity? Why is it important that auditors determine if the client is complying with debt provisions?

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