Which of the following types of evidence would be considered most reliable in the audit of accounts payable?
A)review of internal budgets for the period under audit
B)inquiry of management with respect to recent purchases
C)inspection of client purchase orders
D)inspection of supplier invoices

Question

Quizplus · Accepted Answer

Inspecting supplier invoices would provide the most reliable evidence regarding the accuracy and existence of accounts payable. It provides direct evidence of the amounts owed to suppliers and verifies that the transactions were properly recorded in the client's accounting system. The other options may provide some supporting evidence, but are not as directly related to verifying the accounts payable balance.

Which of the Following Types of Evidence Would Be Considered