In Auditing Accounts Payable, an Auditor's Procedures Most Likely Would

question 57

Multiple Choice

In auditing accounts payable, an auditor's procedures most likely would focus primarily on management's assertion of:

• A)existence.
• B)rights and obligations.
• C)completeness.
• D)valuation and allocation.

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Definitions:

Input Devices

Hardware components used to enter data or commands into a computer system, such as keyboards, mice, scanners, and touchscreens.

Monitors

Devices used to display video output from computers or other video sources, serving as an interface for users to interact with digital content.

Virtual Private Network

A technology that creates a safe and encrypted connection over a less secure network, such as the internet, to provide privacy and secure data exchange.

Secure Communication

Measures and protocols in place to protect information from being intercepted, read, or tampered with during transmission.