The auditors may decide to confirm accounts payable on an audit engagement.
The auditors may decide to confirm accounts payable on an audit engagement. Address the following in your discussion post:
Describe the audit circumstances in which the auditors are likely to decide to confirm accounts payable.
Describe the types of accounts payable the auditors are likely to select for confirmation.
Describe why auditors are concerned with the completeness of accounts payable.
Describe three ways in which the auditors establish the completeness of accounts payable.
In the audit of interest-bearing debt, auditors identify audit objectives and then determine appropriate audit procedures. Address the following in your discussion post, as well:
List the audit objectives for substantive tests of interest-bearing debt.
List seven substantive tests for interest-bearing debt to help the auditors meet the audit objectives.
Write: Make sure your response is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. You may find the Writing Center’s APA: Citing Within Your Paper resource helpful in citing your sources.
part 2
To establish effective internal control over a corporation’s stock transactions, the corporation should utilize the services of an independent registrar and transfer agent. Address the following in your discussion post:
Describe the functions performed by the stock registrar.
Describe the functions performed by the transfer agent.
Describe the information typically requested by the auditors in a confirmation sent to the registrar.
Write: Make sure your response is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. You may find the Writing Center’s APA: Citing Within Your Paper resource helpful in citing your sources.
Requirements: 400 words
Answer preview to the auditors may decide to confirm accounts payable on an audit engagement.
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