Explain Why Auditors Must Put Greater Emphasis on the Completeness

question 38

Essay

Explain why auditors must put greater emphasis on the completeness assertion when auditing accounts payable.Contrast this with the audit of assets.

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Definitions:

Constitutional grounds

The basis or foundation in a country's constitution that supports or legitimizes laws, actions, or legal decisions.

Executive action

A policy directive or official action taken by the president or executive branch of the government without the need for legislative approval.

EEOC guideline

Official directions or instructions issued by the Equal Employment Opportunity Commission to help employers comply with anti-discrimination laws.

English-only workplace rules

Policies that mandate the exclusive use of English in the workplace, often controversial and subject to legal scrutiny.