Which Assertion Has the Greatest Emphasis When Auditing Accounts Payable

question 24

Multiple Choice

Which assertion has the greatest emphasis when auditing accounts payable?

• A) Existence.
• B) Completeness.
• C) Presentation.
• D) Disclosure.

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Definitions:

Competent and Professional

Refers to possessing the required skills, knowledge, and ethical standards expected in a professional setting.

Third Party Intended Beneficiary

A person or entity that, while not a party to a contract, is intended by the contracting parties to benefit from its performance.

Academic Performance

An assessment of a student's learning progress and achievement in educational settings, often measured by grades and test scores.

Romantic Relationships

Emotional and physical bonds between two people characterized by feelings of love, commitment, and intimacy.