Auditor Confirmation of Accounts Payable Balances at the Balance Sheet

question 13

Multiple Choice

Auditor confirmation of accounts payable balances at the balance sheet date may be unnecessary because

• A)this is a duplication of cutoff tests.
• B)accounts payable balances at the balance sheet date may not be paid before the audit is completed.
• C)correspondence with the audit client's lawyer will reveal all legal action by vendors for nonpayment.
• D)there is likely to be other reliable external evidence available to support the balances.

Recognizing the principles behind the measurement of financial elements and the importance of the accuracy of financial statements.

Understand strategies for improving workplace morale.

Identify the attributes of stretchable, flexible appraisal systems in organizational settings.

Recognize the nature and impacts of procrastination on individuals and work environments.

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Definitions:

Technological Advances

The introduction of new technologies or the improvement of existing ones, often leading to increased efficiency, effectiveness, or capabilities.

Computer Mediated Instruction

An educational approach where computers are used to deliver, support, or enhance teaching and learning activities.

Distributed Education

An educational approach that uses technology and strategies to offer learning opportunities to students at multiple locations.

Apprenticeship Model

is a training system where novices learn by working under the instruction and supervision of an experienced professional in a particular field.