Since the audit of accounts payable generally takes a considerable amount of audit time,effective and properly tested internal controls can significantly reduce audit costs by reducing
A)tests of controls.
B)confirmations.
C)tests of details of balances.
D)analytical procedures.

Question

Quizplus · Accepted Answer

Effective and properly tested internal controls allow auditors to place reliance on these controls, thereby reducing the need for extensive tests of details of balances. This is because strong internal controls reduce the risk of material misstatements in the financial statements.

Since the Audit of Accounts Payable Generally Takes a Considerable