The confirmation of existing accounts payable proves the completeness of recorded accounts payable.

Question

Quizplus · Accepted Answer

The confirmation of existing accounts payable primarily tests for the existence and accuracy of the recorded liabilities, not the completeness. Completeness is typically tested through other procedures, such as reviewing subsequent disbursements and analyzing unmatched purchase orders, invoices, or receiving reports.

The Confirmation of Existing Accounts Payable Proves the Completeness of Recorded