The confirmation of accounts payable is most closely associated with:
A)Assertion risk.
B)Detection risk.
C)Inherent risk.
D)Relative risk.

Name: The confirmation of accounts payable is most closely associated with: A)Assertion risk. B)Detection risk. C)Inherent risk. D)Relative risk.
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Question

Quizplus · Accepted Answer

Confirmation of accounts payable is a substantive audit procedure designed to reduce detection risk, which is the risk that the auditor will not detect a material misstatement that exists in an assertion.

The Confirmation of Accounts Payable Is Most Closely Associated With