When Using Confirmations to Provide Evidence About the Completeness Assertion

question 24

Multiple Choice

When using confirmations to provide evidence about the completeness assertion for accounts payable, the appropriate population most likely would be

• A)Vendors with whom the entity has previously done business.
• B)Amounts recorded in the accounts payable subsidiary ledger.
• C)Payees of cheques drawn in the month after the year end.
• D)Invoices filed in the company's open invoice file.

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Definitions:

Primary Category

The main or first-level classification used in sorting and organizing data, objects, or concepts.

Diversity

The inclusion of individuals with a variety of characteristics, such as race, gender, age, religion, cultural background, and more, within a group or organization.

Marital Status

A legal term used to describe the formal recognition of a person's relationship in society, such as single, married, divorced, or widowed.

Secondary Category

A classification level below the primary category, used to further organize, differentiate, or specify items within a larger grouping or system.