The overall objective in the audit of accounts payable is to determine whether accounts payable
A) are fairly stated and properly disclosed.
B) are overstated.
C) are understated.
D) are accurately stated.

Question

Quizplus · Accepted Answer

The overall objective in the audit of accounts payable is to determine whether accounts payable are fairly stated and properly disclosed, which means that they are accurately stated and not overstated or understated. Therefore, option A is the best choice.

The Overall Objective in the Audit of Accounts Payable Is