When Using Confirmations to Provide Evidence About the Completeness Assertion

question 15

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 checks drawn in the month after the year-end.
• D)Invoices filed in the entity's open invoice file.

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Definitions:

Analyze Information

The process of examining data or information in detail in order to understand it better and draw conclusions.

Well-Reasoned Arguments

Arguments that are logically structured, clearly presented, and supported by solid evidence.

Reflective Way

A thoughtful approach or method characterized by meditation or serious thought about one's experiences and actions.