When Auditors Choose to Send Confirmations of Accounts Payable, Accounts

question 84

Multiple Choice

When auditors choose to send confirmations of accounts payable, accounts with _______.

• A)zero or small balances should be among those selected for negative confirmation because they may be more understated than accounts with large balances
• B)zero or small balances should be ignored because they are likely immaterial
• C)zero or small balances should be among those selected for confirmation because they may be more understated than accounts with large balances
• D)extremely large balances should be among those selected for confirmation because they may be more understated than accounts with smaller balances