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.

---

Definitions:

Alice Paul

An American suffragist, feminist, and women's rights activist, and one of the main leaders and strategists of the campaign for the Nineteenth Amendment to the U.S. Constitution, granting women the right to vote.

Charlotte Perkins Gilman

An American feminist, sociologist, novelist, and writer of short stories, best known for her seminal work "The Yellow Wallpaper."

Herbert Croly

An American political philosopher and journalist known for his advocacy of progressive liberalism and the founding of The New Republic magazine in 1914.

Economic Problems

Issues that negatively impact the economy of a country or region, such as inflation, unemployment, and recession.